div > div.group > p:first-child"> BK Asset Management's Boris Schlossberg says investors only care about one thing and it has him seeing flashbacks to Amazon's early years.
Netflix ended 2018 with 139 million paid subscribers, up 26 percent for the year. An increase to 250 million total subscribers would represent 80 percent growth. By comparison, competitor Hulu ended 2018 with more than 25 million subscribers. Analysts surveyed by FactSet expect Netflix to increase its total streaming subscribers to 153 million in its first quarter. Sales are forecast to have grown by 22%, while earnings are expected to have fallen by 9%. Like Netflix, early investors in Amazon tended to focus on sales and customer growth over profitability.
"We still rate it buy [but] there is some near-term moderation to be mindful of from a trading basis," Wald said Monday on"Trading Nation.""The stock has been stuck below resistance at the $385 level dating back to resistance from the third quarter of 2018. You can see the slope of the stock's 200-day moving average, also taking a more sideways drift indicative of that moderation.
TradingNation Continued increases in monthly subscriptions by Netflix will create an opening for a new comer or established media company to introduce $6.99 HD subscription model. Folks are already choosing Prime over Netflix as discretionary $ for household media consumption tops off at $79
TradingNation Purr muh bulls hit