Ahead of Netflix earnings, trader predicts a big rally in the cards

The streaming company will release its first quarter earnings after the bell Tuesday. It heads into that report with its stock up a massive 36% so far this year, bucking the broader sell-off."The stock actually looks quite attractive, technically," Newton said on CNBC's "" on Tuesday.

"If anything, Netflix has become the new infrastructure play," said Newton. "Any sort of pullback in the stock down to $400 will make me want to take a look at buying into it -- $393 to $400 is an excellent risk reward to buy Netflix. So, I like it, I think it's going to push up to $480 in the months ahead and potentially up to $533 so it's one of my favorites technically on an intermediate term basis.

"They've been a huge benefactor of everybody staying at home," said Tatro during the same segment. "But the stock has already been priced in, in our opinion. This move, it's up 30% year to date. It's been a hiding spot for managers, and we honestly would take any strength after this announcement to be a seller of the stock if somebody invested in and owns this name here.

TradingNation I’ll take the other side. Viewing doesn’t matter; subscribers do So more viewing by existing subscribers mean nothing Viewing by people who use friends’ passwords mean nothing International subscriber growth being hurt by a recession; now that means something

TradingNation P/E is insane. Great company and a great stock, but just way to expensive right now.

TradingNation I would certainly hope so. Everyone signed up who would or could sign up. Next quarter? Numbers should be flat.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Here's what every major Wall Street analyst is predicting for Netflix earnings after the bellNew for subscribers: Here's what every major Wall Street analyst is predicting for Netflix earnings after the bell Check out CNBCPro for a free trial.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

This food stock is one to watch as earnings season kicks into high gear, traders sayThis food stock is one to watch as earnings season kicks into high gear, traders say (via TradingNation) TradingNation Manipulating the stock market during a Pandemic is a very American thing to do TradingNation All those folks serving food should be wearing masks or something similar regardless of viruses , just for proper hygiene . Imagine one of them getting a phone call and peppering your order with that special ingredient .
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

US stock futures fall ahead of another big week for corporate earningsUS stock futures fell Sunday evening, indicating that the market may not continue its rally from last week. Duh! It fell.58% Because conservative dipshits went out and acted like fools.
Источник: CNN - 🏆 4. / 95 Прочитайте больше »

Netflix And Snap Set To Kick Off Earnings Season Sure To Offer Coronavirus Insights AplentyNetflix and Snap Inc. will report quarterly financial results Tuesday, kicking off what is likely to be one of the most closely watched earnings seasons in recent memory for media and tech companie…
Источник: DEADLINE - 🏆 109. / 63 Прочитайте больше »

Netflix Q1 2020 earnings preview: Here's what 4 analysts are saying - Business InsiderHere's what 4 analysts are saying ahead of Netflix's quarterly earnings — the first to show the impact of coronavirus
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »