|Bid||103.10 x 800|
|Ask||127.00 x 800|
|Day's Range||121.73 - 123.61|
|52 Week Range||102.26 - 147.75|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.23|
|Expense Ratio (net)||0.60%|
The beaten down price of Netflix could be a solid entry point for investors given its dominance in streaming service. We have highlighted five ETFs with a higher allocation to this firm.
The Nasdaq Composite rose 1.7 percent on Tuesday as shares of Netflix soared 6.5 percent after it announced it would raise its prices for streaming services. The rally in tech fueled the Direxion Daily ...
The Nasdaq Composite rose as much as 1 percent on Tuesday as shares of Netflix soared 6 percent after it announced it would raise its prices for streaming services. Overall, prices went 13 to 18 percent higher--the online streaming service company's biggest price jumps in over 10 years. Exchange-traded funds with exposure to Netflix were higher.
Hulu’s Subscribers Touch 25 Million: Is Netflix Worried? ## Hulu CEO comments On January 8, Hulu’s CEO, Randy Freer, expressed confidence that the company can “catch up” to Netflix (NFLX) in terms of subscribers. On that day, Hulu announced it added 8 million subscribers in the United States, taking the subscriber tally to 25 million. Freer said to CNBC, “We added more subscribers in the U.S. than Netflix. We expect to grow more this year than we did last year.” Hulu’s CEO said, “I look at where we are now, with 85,000 episodes of on-demand television, that’s twice as much as Netflix and Amazon combined.” ## Netflix subscribers Netflix has a US subscriber base of 58 million. The American media company added 1.09 million domestic subscribers in Q3 2018. Netflix is expected to report its Q4 2018 earnings on January 17 after markets close. Recently, Netflix along with Amazon (AMZN) have witnessed massive spending on creating original content with Netflix’s reported spending touching ~$13.0 billion in 2018. In the first week of 2019, Netflix scored five Golden Globe awards. The company’s tally was higher than any other network or streaming service. Amazon had to be content with two Golden Globes for its original content. Netflix’s spectacular performance got a strong boost from the market participants with the stock rallying more than 23.6% in the last five trading sessions. Hulu has shelled out a huge chunk on content recently. It was apparent from its CEO’s comments that the company is committed to spending a lot of money in the coming quarters. The company aims to expand its present library with more focus on investing in original content. ## ETF discussion Among all the ETFs with Netflix in their portfolio, the Invesco NASDAQ Internet ETF (PNQI) has the highest weight of 9.45%. This ETF has 8.36%, 8.26%, and 8.22% exposure to Facebook (FB), Amazon, and Alphabet (GOOG), respectively.
Technology ETFs have been the beneficiaries of a NASDAQ that has been on an upswing in 2018, but today, the party came to a temporary halt today for those holding Facebook as the social media company disappointed ...
The week starting Monday, July 23 brings a slew of earnings reports from members of the Dow Jones Industrial Average and S&P 500. Among the marquee names reporting for the week are Google parent Alphabet ...
Technology ETF investors will have to tune on Monday as Netflix (NasdaqGS: NFLX) is set to reveal second quarter earnings. Investors with exposure to technology ETFs like AdvisorShares New Tech and Media ...
Gold inched down as investors steered to rival safe-haven assets regardless of increasing concerns over trade across the globe.
Netflix’s year-to-date performance is the stuff dreams are made of–after starting off the year at just over $200 a share, it reached a high of over $400 in June to more than double its share price. If ...
The technology sector, which has showed immense strength in face of the trade and tariff threats on FANG surge, lost some ground following the news of a potential curb in Chinese investment.Source: Shutterstock
It’s artificial intelligence up, but guns down for Google as the Mountain View, California-based search engine giant shot down any notion that its latest technology would be used as weaponry. This assertion ...
With the official start of summer still two weeks away, technology ETFs are already facing the heat and bugs—in particular, a Facebook bug that inadvertently made private posts public, affecting about ...
Below are four ETFs that are especially volatile in the wake of the Facebook woes and amid uncertainty regarding the future of the interest rates hike.
The latest Fed minutes reflected the increased confidence of policy makers in U.S. inflation and the need to raise rates faster in 2018, especially amid the materialization of tax cuts. This has driven the yield on 10-year U.S. Treasury bonds to 2.94%, which is a four-year high, and was up from 2.46% recorded at the start of the year.Source: Shutterstock
CNBC's Mike Santoli reports on tech stocks looking to rebound after the worst October in 10 years. He highlights Apple ahead of its quarterly earnings report after the closing bell.