Barclays expects Disney’s investor day slated for early 2019 to improve investor sentiment and offer insight to the scale of streaming ambitions and costs.
Shares of the tech giants have plummeted from their June peak, and more downside may be ahead.
Shares surged 12% in extended trading, bringing year-to-date losses on short seller accounts up to $3.63 billion.
Stocks posted their best day since March as investors cheered stronger than expected quarterly results from companies including Goldman and JNJ.
Netflix still has an elevated P/E ratio of 73.80 as the stock attempts to recover from bear market territory.
One technical analyst points to Netflix’s one-year chart, highlighting a classic head and shoulder pattern, which could spell bad news for the tech titan.
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One bull upgrades Netflix to buy, urging investors to take advantage of a cheap time to own a stake in the “high quality, recurring revenue franchise.”
While the top tech analyst turned venture capitalist expects more short-term weakness in large-cap tech, he remains bullish on the sector overall.
Netflix has many competitors, but is that really what current and potential shareholders should be worried about?