Netflix CEO Reed Hastings speaks during Netflix Slate Event 2018 at JW Marriot on October 9, 2018 in Bogota, Colombia.Netflix is one of the few stocks performing well this year, rising 35% in 2020. Wall Street analysts expect that momentum to continue when the company reports its fiscal first quarter earnings on Tuesday after the bell.
The streaming giant has become the ultimate stay-at-home stock as the coronavirus pandemic causes turmoil in all parts of the market. In fact, the crisis may have advanced the shift towards more on-demand streaming, which benefits a company like Netflix, analysts say. However, investors will still be watching for key metrics, including revenue, pricing, competition, and subscriber growth.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street retreats as crude slump batters energy stocksA slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak.
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street Has High Hopes For Netflix's Latest Earnings ReportNetflix’s stock has risen more than 30 percent year-to-date, driven as of late by Wall Street expectations that the global streaming giant would turn out to be one of the rare beneficiaries of the coronavirus pandemic and governments’ stay-at-home orders Netflix has a tough job on its hands nevertheless... Their series and particularly their films are rapidly becoming outdated. Netflix
Source: THR - 🏆 411. / 53 Read more »
Stocks Following a Decline in Oil Prices, Shake Shack Returns Government Loan, The Plan for Las Vegas by Squawk on the StreetSquawkStreet carlquintanilla jimcramer davidfaber We live in a time when oil tanks 40% and the market barely blinks. This is truly unbelievable SquawkStreet carlquintanilla jimcramer davidfaber Fucking great SquawkStreet carlquintanilla jimcramer davidfaber At $5/barrel does that price even cover the cost of the barrel? 🤔
Source: CNBC - 🏆 12. / 72 Read more »