The S&P 500 rose to another record high on Monday as tech stocks added to recent gains and investors awaited upcoming corporate reports for clues on this year's profit outlook.
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Netflix Inc (Symbol: NFLX), where a total volume of 71,480 contracts has been traded thus far today, a contract volume which is representative of approximately 7
The benchmark S&P 500 scaled a fresh record high on Monday,
extending a bull-market run into a new week on a boost from some
megacap and chip stocks, while corporate earnings and clues on
interest-rate cuts continued to top investors' radar.
Up through last week, information pertaining to stock market moves have largely come from economic data and the Fed’s interpretation of it, year to date. This week, with the next Federal Open Market Committee (FOMC) meeting schedu
Peloton (NASDAQ: PTON) is widely recognized for its exercise bikes, which were a huge hit during the pandemic lockdowns, when stuck-at-home people were searching for ways to work out. The demand surge has since faded, and shares have cratered, down 97% from their record high (as
The benchmark S&P 500 scaled a fresh record high on Monday,
extending a bull-market run into a new week on a boost from
megacap and chip stocks, while corporate earnings and clues on
rate cuts continued to top investors' radar.
Up through last week, information pertaining to stock market moves have largely come from economic data and the Fed’s interpretation of it, year to date. This week, with the next Federal Open Market Committee (FOMC) meting schedul
The pioneer in the streaming space Netflix NFLX is scheduled to report fourth-quarter 2023 results on Jan 23 after market close. Netflix projects another quarter of subscriber growth as the company is benefiting from growing subsc
Wall Street's main indexes were poised for more upside on Monday, building on the S&P 500's record highs last week on a boost from chip and megacap stocks, while corporate earnings and clues on rate cuts continued to top investors' radar.
March S&P 500 E-Mini futures (ESH24) are up +0.27%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.58% this morning, pointing to a continuation of the recent tech-inspired rally, while market participants braced for a flurry of earnings reports from global industry leaders, central bank meetings, and the release of the Fed’s favorite inflation gauge later in the week.
Earnings season is here, and Netflix (NASDAQ: NFLX) shareholders are hoping that the premium streaming video leader isn't caught buffering. The shares hit a new 23-month high earlier this month. A strong report on Tuesday afternoon could send Netflix stock to a fresh two-year hig
The sentiment of U.S. consumers on the economy and its future outlook have both got a boost in January. On Jan 19, the University of Michigan reported that the preliminary index of the U.S. consumer sentiment for January came in a
Media-streaming pioneer and award-winning content producer Netflix (NASDAQ: NFLX) will report fourth-quarter results on Tuesday evening. These quarterly updates often have market-moving powers, and that's especially true for Netflix's holiday-season results.
U.S. stock index futures rose on Monday, indicating further momentum in the S&P 500 after chip and megacap stocks drove the benchmark index to a record high last week, while corporate earnings and clues on rate cuts continued to top investors' radar.
U.S. stock index futures rose on Monday, indicating further momentum in the S&P 500 after chip and megacap stocks drove the benchmark index to a record high last week, while corporate earnings and clues on rate cuts continued to top investors' radar.
March S&P 500 E-Mini futures (ESH24) are up +0.27%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.58% this morning as market participants braced for a flurry of earnings reports from global industry leaders, central bank meetings, and the release of the Fed’s favorite inflation gauge later in the week.
U.S. stock index futures rose on Monday, indicating further momentum in the S&P 500 after chip and megacap stocks drove the benchmark index to a record high last week, while corporate earnings and clues on rate cuts continued to top investors' radar.
Dividend Kings are companies that have paid and raised their dividends for at least 50 years, a testament to consistent performance and growing earnings.Many Dividend Kings are slow and stodgy industry-leading businesses in stable sectors like consumer staples, utilities, or heal
European equities jumped on Monday, following fresh highs in Japanese stock markets and Friday's record close in the Nasdaq, ahead of a week brimming with central bank meetings, major economic data and corporate earnings.
Streaming giant Netflix (
NASDAQ:NFLX
) is scheduled to announce its
Q4 earnings on January 23. The implementation of an ad-supported tier, efforts to address password sharing, and a robust content lineup will likely
drive Q4 financials and the paid membership base.
Netflix’s efforts to monetize its platform efficiently augur well for future growth. However, NFLX stock has trended higher and appreciated over 35% in one year, implying that the upside potential could be capped. Let’s dig deeper.
Netflix – Q4 Expectations
Wall Street expects Netflix to report revenue of $8.72 billion in Q4, which compares favorably to the prior-year quarter’s revenue of $7.85 billion. Moreover, it is in line with the management’s guidance and shows a slight sequential improvement.
The expected year-over-year improvement in its top line and lower spending will likely drive its operating income and bottom line. Analysts expect Netflix to post
earnings of $2.21 per share in Q4, reflecting a significant improvement from $0.12 per share in the prior-year quarter.
Website Traffic Shows Growth
The quality of Netflix’s content consistently drives user engagement on its platform, which plays a vital role in retaining and growing its customer base. TipRanks’ website traffic screener shows that traffic increased for NFLX sequentially and year-over-year.
According to the tool,
the number of visits to netflix.com increased by 20.03% sequentially in Q4. Moreover, website traffic jumped 40.3% on a year-over-year basis.
Learn how Website Traffic can help you research your favorite stocks
.
Is Netflix a Buy, Hold, or Sell?
Wall Street is cautiously optimistic about Netflix stock ahead of Q4 earnings. The stock has 16 Buys, seven Hold, and one Sell recommendation for a Moderate Buy consensus rating.
Analysts’ average price target of $517.29 implies a limited upside potential of 7.11% from current levels.
Insights from Options Trading Activity
While analysts are cautiously optimistic about NFLX stock,
options traders are pricing in a +/- 7.96% move on earnings, smaller than the previous quarter’s earnings-related move of 16.05%.
The anticipated move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement.
Learn more about TipRanks’ Options tool here.
Disclosure