Markets

US stocks climb as investors await signs of stimulus progress

US stocks climbed on Wednesday as investors waited for news on stimulus talks. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before their Tuesday deadline and now aim to finalise an agreement before the weekend. Pelosi told reporters she remains hopeful a compromise can […]
US stocks climb as investors await signs of stimulus progress
Markets

Netflix slides 6% after missing 3rd-quarter subscriber growth and profit targets

Netflix sank as much as 6% in early Wedne sday trading after missing expectations for third-quarter subscriber growth and profits. The streaming titan added 2.2 million subscribers over the three-month period, missing Wall Street’s 3.3 million estimate. While revenue beat expectations, earnings per share of $US1.74 missed the $US2.13 Street […]
Netflix slides 6% after missing 3rd-quarter subscriber growth and profit targets
Markets

‘We’d buy the dip’: 3 Wall Street firms weigh in on Netflix’s worse-than-expected earnings report

While Netflix shares tumbled following a disappointing second-quarter report, Wall Street analysts are still optimistic about the company’s near-term prospects. The streaming giant beat revenue estimates but fell below hopes for second-quarter earnings and forecasted third-quarter subscriber growth. Some analysts pointed to a pull-forward in subscribers as a boon for […]
‘We’d buy the dip’: 3 Wall Street firms weigh in on Netflix’s worse-than-expected earnings report
Markets

UBS downgrades Netflix, calling shares overvalued after 75% rally from COVID-19 lows

Netflix shares’ risk-reward profile is becoming increasingly unattractive as investors ignore major risks and pile in, UBS said Tuesday. The firm downgraded Netflix to “neutral” from “buy” while reiterating its $US535 price target. Investor debates around new competitors, rising content costs, and lasting subscriber growth “have disappeared at current levels,” […]
UBS downgrades Netflix, calling shares overvalued after 75% rally from COVID-19 lows
Markets

Netflix soars after nabbing the most 2020 Oscar nominations of any studio

Netflix stock traded as much as 3.5% Monday after the streaming company received more Oscar nominations than any other studio. The company’s films nabbed 24 nominations total, with “The Irishman” receiving 10 nods alone. Todd Phillips’ “Joker” is the most-nominated movie of the year, up for 11 awards at the […]
Netflix soars after nabbing the most 2020 Oscar nominations of any studio
Markets

Netflix is sliding after receiving its first-ever Oscar nomination for best picture

Netflix received a best-picture Oscar nomination for the black-and-white drama “Roma.” It was the streaming giant’s first nomination for best picture. Despite the announcement, shares of Netflix slid nearly 3%, underperforming the broader market. Watch Netflix trade live here. Netflix shares fell more than 3% Tuesday after the streaming platform […]
Netflix is sliding after receiving its first-ever Oscar nomination for best picture