Just a month ago after Netflix (NFLX) squashed password sharing, the stock got an upgrade and began rallying. But today, the streaming provider has taken a step backward after falling short of analyst estimates for the second quarter. Making matters worse, the company’s guidance for the 3rd quarter is below expectations, too. That being [...]
Shares of Netflix (NFLX) have climbed more than 10% in the last week after its latest upgrade - this time, by Bank of America. Analyst Jessica Reif Ehrlic raised her price target from $410 to $490, implying a 15% climb. This comes after Netflix shared 3rd party data showing positive results for the upcoming [...]
JPMorgan analyst Doug Anmuth recommends that clients "buy pullbacks" because Netflix is still a smart buy. His recommendation comes despite consumer complaints over Netflix's crackdown on password sharing, concerns over short-term subscription decay, and a declining stock price. Although Netflix reached a YTD peak of $369.02 per share on January 26, shares slumped nearly [...]
Yesterday morning Reed Hastings - CEO of Netflix - went on the record to state that the company dropped the ball with its ad strategy. In fact, he states that Netflix should have launched its ad-supported tier years ago. In his interview with the New York Times, Hastings admitted he looked at advertising through [...]
Netflix stock (NFLX) is a big mover this morning upon releasing its Q3 earnings report Tuesday after market hours. They blew expectations out of the water in terms of net subscriber additions - and they beat estimated EPS and revenue, too. While analysts were projecting $7.85b in revenue, Netflix produced $7.93 in the third [...]
A while back we discussed what Disney surpassing Netflix in subscribers meant for both streaming services. At the time, analysts and investors alike were down on Netflix. And it wasn’t just because their content was lacking. It was because of their ad department business model - or lack thereof. But, it appears that things [...]
It’s official - Disney+ has surpassed Netflix in subscribers. Now, take this with a grain of salt - as Disney+ includes ESPN+ and Hulu, two other streaming services the entertainment company owns. Nevertheless, the milestone is an important one - as Disney is poised to take a stronger grip on the streaming space than [...]
VectorVest issued a sell warning for Carvana, before the stock collapsed, saving investors from this devastating loss. Only VectorVest issued a SELL rating for Carvana on 10/4/21 at $294.07. VectorVest calculated the value of the stock at just $37.29, alerting investors that it was extremely overvalued Since 10/4/21, Carvana (CVNA) has plummeted to [...]
Swing Trading Success with VectorVest 10 steps for a successful swing trading plan by Dr. David Paul This is a written walk-through of the talk that I presented during the 2022 VectorVest Two-Day Investment Seminar. I used many charts to illustrate the points below and their nuances in the talk. [...]
Netflix Was No Surprise, VectorVest Saw it Coming VectorVest issued a SELL rating for NFLX on 1/5/22 at $562.52, with a Value of only $385.91 per share. As of April 20, 2022, Netflix (NFLX) has plummeted from $567.52 to $226.50 since VectorVest's SELL rating on January 5, 2022. That’s a 60.09% loss in 3½ [...]
