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Social media company X, formerly known as Twitter, will remove a protective feature that lets users block other accounts, owner Elon Musk said on Friday in another controversial move for the company he bought last year.

The Nasdaq Composite closed down for the week in its third straight week of losses as broad equities slipped as well. Investors looking for portfolio diversifiers and stabilizers as tech and equities slide and yields rise in bonds in August should consider the iMGP DBi Managed Futures Strategy ETF (DBMF), given the fund’s performance month-to-date. [...] Read more at ETFtrends.com.

In order to curb soaring inflation, the Federal Reserve embarked on an aggressive path of raising interest rates that started in early 2022. The pace of rate hikes has been the fastest in history, and some market participants are still worried that a recession could be on the hor

The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week's speech by Federal Reserve Chair Jerome Powell.

The NASDAQ 100 After Hours Indicator is up 7.39 to 14,702.23. The total After hours volume is currently 83,083,604 shares traded.The following are the most active stocks for the after hours session: Mercury Systems Inc (MRCY) is unchanged at $37.53, with 5,445,444 shares traded.

The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week's speech by Federal Reserve Chair Jerome Powell.

Netflix's ( NASDAQ:NFLX ) growth phase has undoubtedly come to an end. Not too long ago, Netflix stood out as one of Nasdaq's ( NDX ) fastest-growing companies. Yet, the substantial surge in competition in recent years has flooded the SVOD/streaming sector, halting Netflix's once-unbridled growth trajectory. Despite the now-oversaturated SVOD industry looking increasingly worse, NFLX stock has rallied more than 67% over the past year. This could be a strong selling opportunity. Thus, I am bearish on NFLX stock. Netflix's Growth Era is Likely Over Netflix's era of growth was truly spectacular, with the company's competitive offering disrupting the much less convenient and value-for-money cable TV. Impressively, its compound annual revenue growth rate (CAGR) between 2010 and 2020 was 20.7% -- a massive rate to sustain over such a prolonged period. Even in subsequent years, particularly during the COVID-19 pandemic, Netflix grew swiftly, capitalizing on the constraints imposed on out-of-home entertainment and solidifying its status as an essential service. Sadly, these days are now behind us. Not only has Netflix already captured a massive chunk of its addressable market, but the surge in competition over the past few years has completely blocked its growth prospects. Giants like Apple ( NASDAQ:AAPL ), Amazon ( NASDAQ:AMZN ), AT&T ( NYSE:T ), and Comcast ( NASDAQ: CMCSA ), alongside numerous smaller players, have penetrated the market, prompting consumers to subscribe to multiple services. In the meantime, all services have been hiking their prices rapidly. How is this different from cable TV, excluding the on-demand element? Therefore, it's no wonder that Netflix has an extremely hard time growing in the current market landscape. The consistent deceleration in revenue growth is proof of this. In its most recent Q2-2023 results, revenue growth came in at just 2.7%. This compares with 8.6%, 19.4%, 24.9%, and 26.0% achieved in equivalent periods of 2022, 2021, 2020, and 2019 respectively. The consistent year-to-year deceleration in revenue growth is unmistakable. Based on the current trajectory, it looks like Netflix is likely to experience declining revenues sooner than later. Don't forget that Disney+'s ( NYSE:DIS ) subscribers have been declining as well, as they fell by 12 million to 146.1 million quarter-over-quarter, according to Disney's Fiscal Q3 report, coming in way below the forecast of 154.8 million. This clearly illustrates the ongoing market havoc in the streaming industry. Netflix may prove more resilient due to its long-standing brand and staple-like nature, but for how long? Extended Rally Offers Opportunity for an Exit Given the less-than-rosy outlook for the streaming industry, it might seem logical for investors to be hastily divesting from Netflix stock. While shares are certainly trading well below their peak pandemic levels, they have still managed to record an impressive rally of more than 70% over the past year. This resurgence likely owes itself to the Nasdaq's broader recovery during this period, alongside the fact that investors might be gravitating toward the one profitable streaming company among the junk. This paradoxical event may offer investors a great opportunity to exit the stock, especially those who made some series gains during this rally. With growth having essentially ceased while the stock's valuation has once again ascended to astronomical heights, convincing reasons are not hard to come by. In particular, Netflix stock is currently trading at nearly 36 times this year's projected earnings. This multiple is utterly unjustifiable, with revenue growth down the drain and interest rates rising. One could argue that investors are betting on earnings growth, but ultimately, this is highly speculative. If anything, a halt in revenue growth could compress margins against rising costs, leaving shareholders with a stagnated company that trades at a very premium valuation. This sounds like the perfect formula for a significant share price plunge. It certainly doesn't like the place I would want to have my money invested. Is NFLX Stock a Buy, According to Analysts? Wall Street seems to have a different view on Netflix, as the stock has attracted a Moderate Buy consensus rating based on 19 Buys, 13 Holds, and two Sells assigned in the past three months. At $466.39, the  average Netflix stock forecast implies 15.1% upside potential. If you’re wondering which analyst you should follow if you want to buy and sell NFLX stock, the most accurate analyst covering the stock (on a one-year timeframe) is  Jason Helfstein from Oppenheimer, with an average return of 32.07% per rating and an 88% success rate. Click on the image below to learn more. The Takeaway Netflix's meteoric growth phase has undoubtedly concluded, marked by surging competition and a decelerating revenue trajectory. The streaming landscape, once ripe for disruption, has transformed into a crowded arena where established giants and nimble newcomers vie for subscribers' attention and dollars. While NFLX stock has displayed an unexpected rally, the underlying reality remains clear: the industry shift and valuation metrics are compelling signals for a prudent exit. Disclosure

Wall Street's main indexes were mixed and close to unchanged on Friday as weakness in megacap growth stocks offset gains in defensive sectors and energy, while investors looked toward next week's speech by Federal Reserve Chair Jerome Powell.

Billionaire investor Warren Buffett is known for his value investing style. Many want to mirror the legend’s investing strategy and emerge a winner. Buffett’s company Berkshire Hathaway’s latest 13-F filing showed that Berkshire’s

Friday, August 18, 2023The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), NVIDIA Corporation (NVDA)

Wall Street's main indexes pared losses on Friday as weakness in megacap growth stocks was countered by gains in defensive sectors and energy firms, while investors looked forward to commentary by Federal Reserve Chair Jerome Powell next week.

The multiple expansion in Meta Platforms has been eye-popping this year, but the stock could get even more expensive if investors are pleasantly surprised by the company's execution on AI innovations.

Wall Street's main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer.

Wall Street was set to open lower on Friday after a three-day selloff, with megacap growth stocks among lead decliners, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer.

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During the second quarter, PayPal (NASDAQ: PYPL) reported revenue of $7.3 billion and adjusted earnings per share of $1.16, both of which exceeded Wall Street estimates. The stock hasn't performed well, though, and it's down 19% since the earnings announcement and 42% in the past

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Designed to provide broad exposure to the Large Cap Value segment of the US equity market, the WisdomTree U.S. Total Dividend ETF (DTD) is a passively managed exchange traded fund launched on 06/16/2006.

Many stocks are up sharply this year as signs of economic resilience reinvigorated investors. The broad-based S&P 500 is up 15% year to date, and the tech-heavy Nasdaq Composite is up 29%.