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S&P 500 Movers: FDS, NFLX

3 years 6 months ago
In early trading on Thursday, shares of Netflix topped the list of the day's best performing components of the S&P 500 index, trading up 8.9%. Year to date, Netflix registers a 8.5% gain. And the worst performing S&P 500 component thus far on the day is FactSet Resear
BNK Invest

Nasdaq 100 Movers: PYPL, NFLX

3 years 6 months ago
In early trading on Thursday, shares of Netflix topped the list of the day's best performing components of the Nasdaq 100 index, trading up 8.0%. Year to date, Netflix registers a 7.7% gain. And the worst performing Nasdaq 100 component thus far on the day is PayPal Holdings,
BNK Invest

Company News for Mar 23, 2023

3 years 6 months ago
Shares of NIKE, Inc. NKE fell 4.9% after the sports apparel giant warned of margin pressures despite reporting an earnings beat.Shares of Ollie's Bargain Outlet Holdings, Inc. OLLI jumped 9.8% after it posted fourth-quarter fiscal 2022 earnings of 84 cents/share, which be
Zacks

Guru Fundamental Report for NFLX - Peter Lynch

3 years 6 months ago
Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to
Validea

Is Peloton a Potential 10x Stock?

3 years 6 months ago
Peloton (NASDAQ: PTON) has struggled with operations and now has a falling stock price, but a turnaround plan is being implemented and there are signs it's working. In this video, Travis Hoium covers where Peloton is improving and what to watch for in 2023.
The Motley Fool

AMZN, AAPL, or NFLX: Which FAANG Stock is the Best Pick?

3 years 6 months ago
FAANG stocks (Meta Platforms ( NASDAQ:META ), previously called Facebook, Amazon ( NASDAQ:AMZN ), Apple ( NASDAQ:AAPL ), Netflix ( NASDAQ:NFLX ), and Google’s parent company Alphabet ( NASDAQ:GOOGL , GOOG )) shed significant value last year. However, except for Netflix, the remaining four stocks have fared better than the S&P 500 ( SPX ) year-to-date, with META shares posting the highest gain. We used TipRanks’ Stock Comparison Tool to place Amazon, Apple, and Netflix against each other to pick Wall Street’s favorite FAANG stock at current levels. Amazon (NASDAQ:AMZN) The impact of macro pressures on consumer spending and the reopening of physical stores impacted Amazon’s retail business. Additionally, moderation in IT spending due to fears of an impending recession slowed down the growth rate of the company’s cloud computing Amazon Web Services (AWS) business. Amazon is improving its cost structure to navigate a tough environment. The company recently announced 9,000 additional job cuts following an earlier round of 18,000 layoffs. The latest round impacted AWS, advertising, human resources, and Twitch units. Overall, Amazon is taking initiatives to make its structure leaner and more profitable. Is Amazon a Buy, Hold, or Sell? Reacting to Amazon’s cost-cutting measures, William Blair analyst Dylan Carden said, “Assuming the Street is close on its revenue assumptions, which we believe are relatively conservative, we find that there is combined upside to total company operating income of close to 40% over the next two years as cost items move back toward relatively consistent historical patterns.” Further, Carden is bullish about the company’s Prime offering and AWS business. He believes that AMZN stock offers compelling value ahead of a possible “reacceleration” in AWS coupled with the “ultimate profitability” of its retail business. The analyst projects acceleration in the AWS business later this year, driven by new customer adoption. Wall Street’s Strong Buy consensus rating for Amazon is backed by 37 Buys and one Hold. The average price target of $136.86 suggests about 39% upside potential. Shares have advanced over 17% since the start of the year. Apple (NASDAQ:AAPL) Often considered one of the most innovative companies in the world, Apple has delivered significant returns for shareholders over the past decade. Last month, the company reported a decline in its December quarter revenue, citing production disruptions in China, currency headwinds, and macroeconomic challenges.   Apple expects its March quarter revenue performance to be similar to the December quarter. While the impact of near-term pressures can’t be ignored, Apple’s strong fundamentals, its solid product portfolio, and growing services business continue to make it an attractive stock for several analysts. Is Apple Stock a Buy? Earlier this month, Wedbush analyst Daniel Ives raised the price target for Apple stock to $190 from $180 and reiterated a Buy rating, as checks by his firm revealed that the demand for iPhones in China has been growing. Ives stated that iPhone supply was steady in January and February, in contrast to the December quarter, which was impacted by supply constraints stemming from China’s zero COVID policy. Additionally, early indications in March indicate that conditions continue to improve. Ives added that Apple is winning market share in China and demand in the U.S. and Europe is also faring well. Also, he believes that the new iPhone users added to the company’s ecosystem over the past year will result in a reacceleration of Apple’s services business in the upcoming quarters. Overall, Apple’s Moderate Buy consensus rating is based on 24 Buys, six Holds, and one Sell. At $170.18, the average AAPL stock price target implies nearly 8% upside. Shares have risen more than 21% year-to-date.     Netflix (NASDAQ:NFLX) After losing subscribers in the first two quarters of 2022, streaming giant Netflix bounced back well in the second half of 2022. The company reported 7.66 million paid net subscriber additions for the fourth quarter of 2022, smashing Wall Street’s expectations of 4.58 million subscribers. The company is trying to boost its revenue through various initiatives, including better content, an ad-supported subscription plan, and a paid sharing plan. That said, the path ahead is not easy, given the intense competition from not just other streaming players but also other channels of entertainment like YouTube and short-form entertainment like TikTok.    What is the Price Target for NFLX Stock? Last week, Oppenheimer analyst Jason Helfstein reiterated a Buy rating on Netflix stock with a price target of $415. Helfstein noted that NFLX shares initially advanced following the Q4 2022 results but then started to decline due to fears that the company’s crackdown on password sharing might lead to a higher churn. Shares were also impacted by the slower launch of the ad-supported tier by the company and macro troubles. “We believe nothing has changed from our original thesis: advertising increases the total addressable market, content competition is easing, and paid account sharing will be a long-term tailwind,” said Helfstein. The Street’s Moderate Buy consensus rating for Netflix is based on 17 Buys, 16 Holds, and two Sells. The average price target of $356.20 indicates upside potential of 21.2%. Shares are flat on a year-to-date basis.    Conclusion Macro pressures are expected to impact the near-term performance of Amazon, Apple, and Netflix. Wall Street is more bullish about Amazon and is confident about its long-term potential, thanks to its e-commerce leadership, the dominant position of AWS in cloud computing, and the growing advertising business. As per TipRanks’ Smart Score System, Amazon earns a nine out of 10, which implies that the stock is capable of generating market-beating returns over the long term. Disclosure
TipRanks

2 Ways Disruptors Can Make You Rich

3 years 6 months ago
Sometimes I stumble across an old article of mine that seems more potent now than it did at the time. A little more than three years ago -- Jan. 8, 2013, to be exact -- I offered up an article on three disruptive growth stocks that I thought were worth buying at the time. It turn
The Motley Fool

Netflix's (NFLX) Expanding Games Portfolio Aids Prospects

3 years 6 months ago
Netflix’s NFLX focus on expanding its mobile games portfolio is deepening with 40 new games slated to be released this year and 70 in the development pipeline. The streaming giant is also developing 16 games in its in-house game studios.The company also announced the avai
Zacks

Netflix Stock (NASDAQ:NFLX): Gains are Still Possible in Its New Era

3 years 6 months ago
Netflix ( NASDAQ:NFLX ) stock suffered a massive beatdown recently as the appetite for streaming stocks took a turn lower. As the company enters its new era -- without top boss Reed Hastings in the co-CEO seat and in the midst of a rapidly-maturing streaming industry -- there are definite challenges that warrant Netflix stock's valuation reset. Still, the company has growth levers it can pull, not only to pull ahead of the pack but expand its circle of competence to encompass markets many of its FAANG rivals are pushing into. Therefore, I remain cautiously bullish on Netflix stock. Though I am confident in NFLX's longer-term growth prospects, I don't view the firm as timely. It could take years for the company to regain the hearts of growth investors. Even if Netflix succeeds in new markets (think video gaming), the drag of high interest rates could weigh on the stock's multiple for longer. As such, I believe that only patient long-term investors will benefit from growth in Netflix's new era. It'll be a less-rewarding era, but one that could still help power impressive gains. Netflix Stock Draws Another Line in the Sand Since bottoming out last summer, Netflix stock has been on an impressive run. From the May 2022 bottom to the January 2023 peak, the stock surged more than 121%. More recently, the stock took a dive alongside most other tech stocks in February. At writing, Netflix shares are down about 20% from their 2023 peak. As the stock attempts to draw a new line in the sand in the low-30-times-trailing-earnings range, I do think it's quickly becoming worth another look. Sure, 30.5 times trailing price-to-earnings (P/E) is still a hefty multiple to pay for a growth stock. However, Netflix is an entertainment staple for many people, which can help the stock support a higher multiple. For now, NFLX's growth has seemingly evaporated, thanks in part to macro headwinds that have weighed heavily for a few quarters now. In any case, I think it's hard to dismiss Netflix and its ability to continue to release high-quality content that engages viewers. Even with the growing numbers of competing streamers, it's still tough to cancel a Netflix subscription! There's always something interesting that seems to keep many consumers coming back. For that reason, Netflix appears to be more deserving of its now palatable 30-35 times P/E range. Netflix's Resilience in a Recession Could Impress Netflix has already felt headwinds for quite some time. However, I do think last year's sell-off has lowered expectations to the floor. A recession may not be as horrific as many expect for Netflix. As consumer budgets get pinched, the ad-supported version of the streaming platform must be considered. The lower-cost, ad-supported tier could help Netflix sail smoothly through a recession. Even with the price increases and upsetting "freeloader crackdown," it's clear that Netflix provides a whole lot of value for the price paid. On a price-per-hour basis, it's easy to argue that Netflix offers one of the better value propositions out there. As the streaming pioneer continues conducting business as usual, I don't think it's far-fetched to view Netflix at the bottom of the list of streaming services to cut when times get tough. While only time will tell how Netflix fares once the recession finally moves through the economy, I don't think things will be nearly as bad as they seem. However you categorize Netflix -- consumer staple, discretionary, or fallen growth play -- it has staying power, and there's still plenty of profit to be had in its lower-growth, less-exciting era. Is NFLX Stock a Buy, According to Analysts? Turning to Wall Street, NFLX stock comes in as a Moderate Buy. Out of 35 analyst ratings, there are 17 Buys, 16 Holds, and two Sells. The  average Netflix stock price target is $356.20, implying upside potential of 17.2%. Analyst price targets range from a low of $230.00 per share to a high of $440.00 per share. The Bottom Line on Netflix Stock Streaming isn't exciting anymore, and the biggest growth days are likely over, even as Netflix moves into new industries. Regardless, I view Netflix as more of a higher-growth consumer staple stock rather than a fallen tech titan. If you get in at a good price and are patient, impressive gains are still possible, even without Hastings at the helm. Doubt the streaming pioneer, if you will, but I still think it's a wonderful company for the value crowd, and the Street-high price target of $440 implies around 45% upside potential from here. Disclosure
TipRanks

Guru Fundamental Report for NFLX - Peter Lynch

3 years 6 months ago
Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to
Validea

Noteworthy Monday Option Activity: CMG, FDX, NFLX

3 years 6 months ago
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Chipotle Mexican Grill Inc (Symbol: CMG), where a total of 3,545 contracts have traded so far, representing approximately 354,500 underlying shares. That amounts to abou
BNK Invest

Netflix Stock: Paid Sharing Will Pay off Over the Long Term, Says J.P. Morgan

3 years 6 months ago
Going by the recent performance of Netflix ( NFLX) stock – the shares have fallen by ~17% since the late-January’s highs – investors appear to be not too keen on the Paid Sharing launches across several international markets (Canada, New Zealand, Spain, Portugal). J.P. Morgan analyst Doug Anmuth believes the downbeat performance is due to “considerable early pushback” around the initiative, with “elevated news headlines, Twitter activity, & customer support engagement” all resulting in worries around "near-term churn.” “Apptopia Downloads (DLs) data suggests increased volatility across all four Paid Sharing markets since the rollout,” the 5-star analyst went on to note, “but we believe headlines may also be impacting other markets where Paid Sharing has not yet been rolled out, including the US.” Back in January, the streaming giant said it anticipates a wider rollout of Paid Sharing later in the quarter. With Q1’s end in sight, Anmuth believes that may yet happen over the next few days, but he also believes that given the “early friction,” investors are increasingly concerned the rollout might be delayed further into 2Q and beyond. “That could put NFLX’s projection for more net adds in 2Q than 1Q at risk,” says the analyst. That also raises the prospect of a wider Paid Sharing rollout in what is usuallya “seasonally weak” quarter (Q2), which also does not seem to have much in the way of “hit content.” On the other hand, a slower rollout of the initiative could lead to better-than-expected Q1 net adds. Timing considerations aside, Anmuth anticipates NFLX to “continue down the path of transitioning users away from widespread account sharing,” and making various tweaks along the way. And that, in the long run, is no bad thing. “Ultimately we expect NFLX to generate more revenue through the combination of Extra Members and new standalone accounts, especially as Paid Sharing is paired with the low-priced Basic With Ads tier (BWA),” the 5-star analyst summed up. All in all, Anmuth keeps a bullish stance by reiterating an Overweight (i.e., Buy) rating, backed with a $390 price target. The implication for investors? Upside of 27% from current levels. (To watch Anmuth’s track record, click here ) Turning now to the rest of the Street, where NFLX’s Moderate Buy consensus rating is based on 17 Buys, 16 Holds and 2 Sells. The analysts see shares rising by 17% over the coming months, considering the average target currently stands at $356.2. ( See Netflix stock forecast on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’  Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
TipRanks

Noteworthy ETF Outflows: IVE, VZ, NKE, NFLX

3 years 6 months ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Value ETF (Symbol: IVE) where we have detected an approximate $261.6 million dollar outflow -- that's a 1.1% decrease week over
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