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Netflix is under the Investors’ Radar this Week

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Continuing coronavirus-caused worries, accompanied by optimism driven by a substantial stimulus package presented by President-elect Joe Biden who is going to take office in the nearest days, would definitely characterize investors’ mood during the week. 

Biden’s $1.9-trillion proposed package intends to help COVID-19 ravaged families and businesses until vaccines are massively applied. The package comprises stimulus checks and unemployment support.

In addition, some of the largest cap and most influential U.S. companies begin reporting fourth quarter earnings this week which would also determine investor appetite.

In a week packed with many important announcements, we’re focusing on Netflix  stocks:

Netflix

The streaming entertainment behemoth Netflix (NASDAQ:NFLX) is intended to report its fourth quarter earnings release on Tuesday, Jan. 19th after the market closes. Analysts expect $1.32 a share profit on sales of $6.62 billion.

After a strong positive momentum during COVID-19 pandemic, Netflix stock is dropping as subscriber growth slows and competition in the streaming market gets tougher.

As of Friday, Netflix’s shares are down 8%. Therefore, this week’s earnings report will be critical, indicating whether the stock would be able to continue an upward movement.

Netflix has to show it’s best to secure its dominance at a highly competitive time when Disney’s (NYSE:DIS) streaming service is getting enormous support from subscribers and additional rivals are slowly entering the scene.

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