Waiting On Netflix Earnings

Hello traders everywhere. Netflix Inc. (NASDAQ:NFLX) is expected to release its third-quarter earnings shortly after the bell this afternoon. Netflix's stock hit a record high last week after analysts at Goldman Sachs predicted the company would post subscriber gains above expectations and raised their price outlook from $200 to $235, while JP Morgan's analyst raised their forecast to $225 from $210.

MarketClub's Mid-day Market Report

  • Netflix revenue for Q3 2017 is expected to be $2.97 billion, according to a Thompson Reuters consensus estimate.
  • EPS is projected at 32 cents, per a Thomson Reuters consensus estimate.
  • The strong growth is based on continued subscription additions, despite price increases.

Shares traded above $200 for the first time Friday and continue to trade above that level today. Netflix Inc. (NASDAQ:NFLX) raised some of its prices earlier this month, including for its high-definition plan and 4K streaming plan. Despite the price increase, analysts believe subscribers will stick with the company and are bullish on its international growth.

Key levels to watch this week: Continue reading "Waiting On Netflix Earnings"

The Fed, Facebook and Record Highs

Hello traders everywhere. Strong quarterly earnings have propelled the DOW, S&P 500 and NASDAQ to record highs today. Just to give you an idea of how great earnings season has been so far. 34% of the S&P 500 components have reported as of today, and 78% of them have beaten expectations on the bottom line, and 73% have topped on sales, according to data from The Earnings Scout. I'd say that's pretty impressive.

MarketClub's Mid-day Market Report

The Federal Reserve will release its FOMC meeting minutes today at 2 pm, and it is widely expected to keep monetary policy unchanged, but investors will look for clues about the central bank's next move.

Facebook Inc (NASDAQ:FB) is set to report earnings after the close today. Wall Street expects Facebook to report second-quarter profits of $1.13 per share, based on the average estimate of 35 analysts who rate its stock. That's up from 97 cents per share a year earlier with revenue rising to $9.2 billion, a jump of 43% year-over-year. According to most estimates.

Key levels to watch next week: Continue reading "The Fed, Facebook and Record Highs"

Upcoming Facebook Earnings - A Nonevent Long-Term

Noah Kiedrowski - INO.com Contributor - Biotech


Upcoming Earnings

Facebook Inc. (NASDAQ:FB) is due to announce earnings on July 26th after the market closes. Facebook tends to be volatile after earnings are announced and typically pop to the upside as Facebook’s earnings have continued to post robust growth. Back on June 2nd, 2017, I authored an article “Facebook Will Hit $175 By Year End” and with five more months to go before the end of the year, I think Facebook has a good chance of breaking through this number. Facebook has been on an uptrend heading into earnings and currently sits at $160 per share and while the stock is up 39% YTD. These numbers may seem staggering, and some would state that buying at these levels would be cashing the stock. Normally I would agree with this approach. However, I think Facebook is an exception to this situation. Even at these levels and YTD appreciation, factoring in Facebook’s projected growth with tech comparators such as Alphabet Inc. (NASDAQ:GOOG), Netflix Inc. (NASDAQ:NFLX) and Amazon.com (NASDAQ:AMZN), collectively known as the FANG stocks, Facebook is superior with a lower risk profile. Facebook’s projected growth is greater than Google’s and just shy of Amazon’s yet has a P/E ratio that’s lower than Google’s and a fraction of Amazon’s and Netflix’s. Regardless of the upcoming earnings announcement, this will be an immaterial event to the long term narrative for Facebook investors. I feel that Facebook represents value even after this massive run YTD and continue my long thesis. Continue reading "Upcoming Facebook Earnings - A Nonevent Long-Term"

Market Ends On A Weak Note

Hello traders everywhere. The indexes are ending the week on a soft note after reaching records highs earlier in the week. This is primarily due to General Electric Company (NYSE:GE) falling more than 4% to a 19-month low.

Meanwhile, the euro climbed to its strongest level against the dollar since January of 2015 after ECB President Mario Draghi said that the ECB would discuss plans to unwind quantitative easing this fall.

MarketClub's Mid-day Market Report

Key levels to watch next week: Continue reading "Market Ends On A Weak Note"

Earnings, Earnings, Earnings

Hello traders everywhere. The stock markets opened little unchanged for on Monday holding just above the record levels set on Friday. The reason for the slow start? Earnings. That's right, it's earnings season and we're kicking off a big week of earnings with Netflix Inc. (NASDAQ:NFLX), which reports after the close today.

MarketClub's Mid-day Market Report

If you're looking for a place to find a full listing of earnings dates look no further. I use Yahoo! Finance's earnings calendar.

Key levels to watch next week: Continue reading "Earnings, Earnings, Earnings"