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