|Day's range||200.00 - 200.00|
Stock futures added to gains Wednesday evening, with tech shares continuing their relentless march higher as overnight trading kicked off.
In the latest trading session, Netflix (NFLX) closed at $502.78, marking a +1.95% move from the previous day.
NFLX stock is up 55% in 2020. So now let's see if investors should consider buying the soaring streaming firm ahead of its second quarter earnings release on July 16...
It's tempting to compare Spotify's (NYSE: SPOT) recent push into original podcast content to Netflix's (NASDAQ: NFLX) wildly successful expansion into original video content. The Swedish music streaming leader has even directly encouraged such comparisons. Former CFO Barry McCarthy, who had previously served as Netflix CFO and retired earlier this year, put it bluntly last October: "So streaming was to Netflix as podcasting is to Spotify."
Amazon.com (NASDAQ: AMZN) is finally bringing the account-profile feature for its Prime Video service to the U.S. The feature is a standard on Netflix (NASDAQ: NFLX) and Disney's (NYSE: DIS) new Disney+ service. Amazon began rolling out the account enhancement earlier this year in India and some countries in Africa and Asia, but it was launching the feature in phases to the rest of the world.
Few industries have been hobbled by the coronavirus pandemic as much as movie theaters. The company warned in early June that its ability to continue as a "going concern" was in substantial doubt, an admission that the company could be forced into bankruptcy. It also lost $149 million on a generally accepted accounting principles (GAAP) basis, and the company paid out a generous dividend, making it more vulnerable to the current crisis.
Netflix (NASDAQ: NFLX) is slated to report its second-quarter results on July 16. While many companies decided not to give forecasts for the next quarter, Netflix decided to give it a shot. With coronavirus cases surging in some states in the U.S., and the threat level still high globally, Netflix should continue to experience increasing subscriber growth.
First came the pastel numbers sported by Wagner Moura as Pablo Escobar in Netflix’s Narcos . Then Brad Pitt’s Hawaiian shirt in Once Upon a Time in Hollywood , with its Japanese-style print on bright ...
The top streaming platform impressed investors with its subscriber totals last quarter, and expects to keep audiences engaged with more content releases in the near term.
Let's see how these stocks are placed as we enter earnings season.
With the stock market continuing its rebound from lows during the coronavirus market crash earlier this year, some companies' stocks have done more than recover -- they've soared to new all-time highs. Two notable businesses that have seen their shares skyrocket to record levels recently are Netflix (NASDAQ: AAPL) and Apple (NASDAQ: AAPL). Shares of Apple hit $375.77 at one point on Monday, marking a new all-time high for the stock.
The Zacks Analyst Blog Highlights: Netflix, Exxon Mobil, Amgen, Humana and FedEx
Uncertainty and panic related to the coronavirus disease 2019 (COVID-19) pandemic completely pulled the rug out from beneath the stock market and ultimately sent the benchmark S&P 500 lower by 34% in a mere 33 days. The recently ended quarter featured the best returns for the broad-market indexes since 1998, with the technology-focused Nasdaq Composite galloping to new all-time highs. Right now, there are five exceptionally popular stocks that investors can't seem to get enough of lately that, frankly, I wouldn't buy with free money.
After Netflix (NASDAQ: NFLX) raised prices in early 2019, it was clear it was done raising prices for awhile. The influx of competition this year made it even more unlikely Netflix would ask subscribers for more money every month. Bernstein analyst Todd Juenger notes, "The increased engagement and appreciation for Netflix that a growing number of consumers are experiencing in 2020 could make it that much easier for Netflix to successfully pass through pricing increases in 2021-22."
The top streaming video company created incredible growth for itself with original shows and movies -- can Spotify duplicate that success with podcasts?
The new Netflix comedy "Eurovision Song Contest: The Story of Fire Saga" should win over anyone, even if you're not a huge Will Ferrell fan and have no idea what Eurovision is. The film stars Ferrell and Rachel McAdams as the titular Icelandic musical duo, who are pursuing a lifelong dream of winning at the enormous international musical competition. The film features cameo appearances from past Eurovision performers, and it feels less like a parody and more like a celebration — albeit one that fully embraces the insane costumes and over-the-top production numbers.
With the company's shares up about 50% this year, investors will be watching the streaming-TV company's earnings report closely.
Shares of the children's entertainment company rose in anticipation of a surprise announcement Monday.
Top Research Reports for Netflix, Exxon Mobil & Amgen
Behind every monster stock is almost always a company driving tremendous change to an industry. Experienced investors can remember how Amazon transformed both retail -- and later -- the information technology industry. Buying Amazon or Netflix could still keep one rich.
Comcast (CMCSA) owned NBCUniversal signs licensing deal with ViacomCBS to add select Paramount movies and Showtime content on Peacock streaming platform after its launch on Jul 15.