|Bid||351.25 x 800|
|Ask||351.43 x 1100|
|Day's Range||348.83 - 354.36|
|52 Week Range||144.25 - 354.36|
|PE Ratio (TTM)||281.03|
|Earnings Date||Jul 16, 2018 - Jul 20, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||333.24|
The FANG stocks have become some of the stock market's most dominant stocks, disproportionately powering its gains, as well as its losses. (Apple is often added, making the group the FAANG stocks), sometimes a bad week for the group of stocks can lead the market down. For instance, Facebook led a steep decline in the FAANG stocks in March, after its data misuse scandal came to light on Sunday, March 18.
Disney's Bob Iger, center, and Mickey Mouse ring the market's opening bell with NYSE's Tom Farley last November. As of late this week, Netflix was worth more, by market capitalization at least, than Disney or Comcast. For the rest of Memorial Day weekend at least, Netflix remains the world's most highly valued media and entertainment company.
Friday marked a quiet day on Wall Street as the price of oil declined and tensions between North Korea and the U.S. eased a bit. With the stock market closing Monday for Memorial Day, we’re looking ahead to a short week. Here are the top trades to make when the markets resume trading Tuesday morning:Top Stock Trades for Tuesday: Netflix (NFLX)
Netflix has long loomed as a threat to established content providers like Disney and Comcast. In turn, the net worth of Netflix cofounder and CEO Reed Hastings has skyrocketed as well—over $1.4 billion so far this year—to an estimated $3.7 billion, according to Forbes’ real-time billionaire rankings. Hastings owns about 2.5% of Netflix’ stock, which includes a large number of options.
When I heard that Syfy was going to end prestige space opera The Expanse after only three seasons, I assumed it wouldn’t be the end. The show has nearly perfect scores from critics and even if ratings were dipping, it seemed like a prime acquisition target for either Netflix, who has been beefing up its highly successful slate of science fiction programming lately, or Amazon, forever trying to get Netflix’s goat. Netflix ultimately passed on The Expanse, but a few days ago, rumblings began that Amazon was “in talks” to save the show and bring it back for season four.
President Obama’s experience, talent and value are in front the camera, not behind it. Unless Netflix is really just paying him off for his now-defunct net-neutrality rules, then this week’s splashy production deal must rest on Netflix’s belief that he’s been hiding unsuspected gifts as an auteur. The Obama deal has been valued in the media at $65 million—almost exactly what Al Gore personally extracted from the cable industry for his Current TV carriage rights when he sold the unwatched cable channel to Al Jazeera in 2013.
The milestone for Netflix is the latest sign that investors remain faithful to the handful of technology and internet firms that have powered the broader market in the past few years.
Between the scale and data advantages the streaming giant has built up and the quality of its decision-making to date, there's every reason to think it will rack up tens of millions of additional subscribers and successfully carry out new price hikes in the years to come. Following its latest rally, Netflix has an enterprise value (EV - market cap plus net debt) of $156.7 billion. Netflix's shares now trade for 76 times a 2019 GAAP EPS consensus of $4.64, and (though such a far-off estimate needs to be taken with a grain of salt) 21 times a 2023 EPS consensus of $16.87.
Netflix, Amazon Prime Video and Hulu are turning out hundreds of hours of original video content each year and they show no signs of slowing down #tictocnews (Source: Bloomberg)
The Dow and S&P were both in the red for the majority of the day while the Nasdaq fluctuated between slight gains and losses finishing as the sole major index in the black. Oil prices fell sharply Friday after energy ministers from Saudi Arabia and Russia confirmed plans to ease production cuts in order to offset supply shortfalls from Venezuela. West Texas Intermediate crude dropped 4% to $67.88 a barrel.
San Francisco Dr. Shoshana Ungerleider's new documentary film on the end-of-life experience End Game recently debuted on Netflix.
Netflix NFLX shares just hit their 27 th all-time high of 2018, and one Netflix bull sees even more explosive gains ahead. "I think by year-end we could see another 30 to 40 percent price appreciation from here," Mark Tepper , founder and president of Strategic Wealth Partners, told CNBC's " Trading Nation " on Thursday. Such an increase on top of year-to-date gains would easily make Netflix the best performer in the S&P 500 for 2018.
Citron Research, which began shorting Roku in two months after it went public last fall, said it now expects the Los Gatos company's stock will rise and that Netflix may acquire it.
was reviewed in the middle of April and I wrote that, "A close above $330 opens the way for a price target of $370." Prices have broken out to new highs and look to be on their way to $370 and perhaps even higher. In this daily bar chart of NFLX, below, we can see that prices have been strong since the beginning of the year. The daily On-Balance-Volume (OBV) line is positive but could use a new high to help confirm the year-to-date advance.
Some of the most highly rated companies will take their turn at earnings, including Lululemon and Ulta Beauty. Similarly, elite tech stocks like Salesforce.com and Workday also will report.
Netflix continues to attract more ownership by mutual funds and hedge funds, but fellow Nasdaq companies Cisco, Microsoft and Alphabet still have more fund shareholders.
Reed Hastings tends to be sanguine when asked about the video streaming service Netflix’s notorious refusal to release its ratings. In May 2017, speaking shortly after the cancellation of Baz Lurhmann’s long-awaited 1970s musical drama “The Get Down” after just one series, Hastings, Netflix’s co-founder, chairman and CEO, told CNBC’s “Squawk Alley” that he felt “our hit ratio is way too high right now. In the year since he made those remarks, Hastings has gotten his wish: 13 shows have been canceled over the course of the last 12 months.
Fidelity Investments recommends saving twice your income by the age of 35. Even some cash-strapped families have reached that goal.
Roku Inc. shares are up 4.5% in Friday trading after short sellers at Citron Research said they had changed their stance on Roku and now have a long position in the stock. "Roku is trading at the largest discount ever to over-the-top peers despite being the only OTT pure play that generates ad revenue," wrote the Citron team in a report. "With the recent surge in Netflix Inc. stock, Netflix could look towards advertising to generate new revenue and could easily acquire Roku." Citron initiated a short position in Roku in late November.
Titmouse produces animated programming for kids and adults, airing on networks including Adult Swim, Netflix and Amazon. If you’re a fan of contemporary animation, chances are you’ve run across the work of Titmouse, the award-winning production company behind Netflix’ Big Mouth, Amazon’s Little Big Awesome and Niko and the Sword of Light, and the long-running Adult Swim classic The Venture Bros, among many others.
Looking for a new show to binge watch on Netflix? Emily has narrowed down the 8 best Netflix originals of 2018 so far! Subscribe to GameSpot Universe! https://youtube.com/GameSpotUniverse?sub_confirmation=1 Follow Us - https://twitter.com/GSUniverse Like Us - https://facebook.com/GameSpotUniverse http://www.gamespot.com
Gene Munster, Loup Ventures managing partner, and Stephanie Mehta, Fast Company editor-in-chief, discuss Netflix's market capitalization surpassing that of Disney to be the most highly valued entertainment company.