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Stock Market News for Dec 15, 2022

3 years 9 months ago
U.S. stocks ended lower on Wednesday in a volatile trading session as the Fed hiked interest rates by 50 basis points but signaled more rate hikes in the coming months. All three major indexes ended in negative territory.
Zacks

4 High-Yield Dividend Stocks to Buy Now

3 years 9 months ago
Some great dividend stocks are being overlooked by the market, and investors can take advantage. In the video below, Travis Hoium and Jon Quast discuss the four stocks they like that are paying great dividends to shareholders.
The Motley Fool

3 Stocks to Hold for the Next 20 Years

3 years 9 months ago
Successful investing is a waiting game. When you invest for the long haul, you need companies that will stick around for decades. And when I say "stick around," I mean that they should survive and thrive for many years. It's not enough to keep your nose over water until 2042 -- t
The Motley Fool

ProShares UltraPro QQQ Experiences Big Inflow

3 years 9 months ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro QQQ (Symbol: TQQQ) where we have detected an approximate $228.9 million dollar inflow -- that's a 1.9% increase week over week in
BNK Invest

2 Stocks That Could Look Like Steals in 2023

3 years 9 months ago
The bear market has instilled fear in many investors, leading them to second-guess even quality companies with solid growth potential. As a result, there are some undervalued stocks out there that, as things stabilize in the economy, could look like steals.
The Motley Fool

Netflix Stock (NASDAQ:NFLX): Ripe for Binge Buying in 2023

3 years 9 months ago
Shares of Netflix ( NASDAQ:NFLX ) have been gaining traction lately, now up more than 94% off their June lows. Undoubtedly, the fear surrounding the video-streaming space was overblown following two colossal quarterly flops dealt by the streaming top dog. Despite the powerful rally, Netflix stock remains down around 54% from its all-time high hit in October 2021. With a strong slate of releases, an  ad-supported tier to help the firm recover subscribers in a potential recession year, and a foot in the door of the video-gaming market, Netflix stock may find itself on the receiving end of more multiple expansion over the coming months. Netflix has felt the full force of the valuation reset. Looking back, it's clear that the stock got overly punished. After a big rally,  Netflix stock trades at 28.2 times trailing earnings. That's a pretty reasonable multiple, given the firm's market dominance and reputation as a  FAANG company. Still, the stock remains pricier than many of its FAANG rivals despite its growth uncertainties. There are a lot of hungry players in the streaming space these days. Regardless, the dip-buyers think the streaming pioneer can hold its own as a slew of new content lands from its big-budget rivals. As Netflix continues creating "must-see" content, the tides may turn back in the streaming giant's favor, and growth could heat up again. Indeed, few firms have what it takes to maintain a full and steady pipeline of releases like Netflix. Netflix Stock: Big Upgrades from Analysts Recently, Cowen and Wells Fargo ( NYSE:WFC ) slapped Netflix stock with an upgrade. Wells noted that the company has "more ways to win" the new year. Wells Fargo analyst  Steven Cahall hiked his recommendation from "Hold" to "Buy" while increasing the NFLX stock price target from $300 to $400. That's a massive upgrade that caught investors' attention on a sluggish day on Wall Street. Indeed, Netflix has a lot of things it can do to win back subscribers beyond just pumping out shows and films. Video gaming remains a crucial area that investors should not ignore as Netflix takes a step back to evaluate opportunities in parallel markets. I remain bullish on Netflix stock, even after such a sizeable rally. Video Game Ambitions are Just One Way to Reignite Growth In a  prior piece, I outlined how gaming would help Netflix give its growth rate a jolt. Indeed, Netflix's push into mobile gaming doesn't seem to be a big deal for most subscribers. Netflix now has a good number of mobile games proudly touted in the Netflix app. Going into 2023, Netflix may be ready to take its video game business to the next level (forgive the pun). Recently, Netflix made headlines for a job posting seeking a game director to help the firm with a "AAA PC game." A move into triple-A gaming is unsurprising, as it puts the firm on the turf of fellow FAANG rival Microsoft ( NASDAQ:MSFT ), which dominates the gaming space with its Xbox division. Indeed, FAANG companies are becoming more similar by the year. Arguably, Netflix has the most room to take share from rivals as it looks beyond the video-streaming market many of its peers have entered over the past few years. Netflix's first foray into triple-A PC gaming will likely be a shooter game. Indeed, some of the most popular titles, like  Fortnite and  Overwatch, are shooters. The shooter space is crowded but full of potential. It only takes one hit game that could open the floodgates into the Netflix ecosystem. Should Netflix's PC-gaming push prove successful, Netflix may be as much a gaming company as it is a video streamer. Is Netflix Stock a Buy, According to Analysts? Turning to Wall Street, NFLX stock comes in as a Moderate Buy. Out of 32 analyst ratings, there are 16 Buys, 13 Holds, and three Sell recommendations. The average Netflix price target is $296.84, implying downside potential of 7.3%. Analyst price targets range from a low of $162.00 per share to a high of $405.00 per share. The Takeaway: Netflix's Rally Seems Sustainable Netflix stock has a lot of potential catalysts for investors to look forward to. We'll see how the ad-supported tier will fare as the economy takes a hit to the chin. Further, new video game announcements could cause some analysts to upgrade their growth estimates for the company. At less than 30 times trailing earnings, Netflix stock still seems underpriced. Queue the analyst upgrades! Disclosure
TipRanks

2 Tech Stocks To Watch This Week

3 years 9 months ago
For the uninitiated, tech stocks are stocks that are issued by companies involved in the technology industry. This includes businesses that develop and sell technology products and services. These companies can be involved in a wide range of activities. Such as the development of
StockMarket.com
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