Netflix Needs Strong Earnings Report Amid New Foes

Netflix Inc NFLX Stock Chart 4.16.19 Before Earnings

Netflix Inc NFLX Stock Chart 4.16.19 Before Earnings

Netflix Earnings Report Overshadowed By Competition From Apple, Disney

The Netflix earnings report this week likely will be overshadowed by increasing competition in the streaming video market from Apple (AAPL) and Walt Disney (DIS). Netflix (NFLX) plans to report first-quarter results after the market close on Tuesday.

Netflix’s report comes after Apple and Disney each held major media events to unveil their direct-to-consumer internet video offerings.

Netflix Reports Earnings on Tuesday: 5 Important Things to Watch

The impact of Netflix’s recent U.S. price hike, cash flow guidance and Disney-related commentary are among the things to track as the streaming giant reports.

Netflix’s (NFLX) shares have mostly tread water since the company delivered a solid Q4 report in January, after having soared during the weeks immediately preceding the report.

A strong Q1 report could help Netflix break out of its trading range, if one arrives on Tuesday April 16, 2019.

IPO market faces biggest week of 2019 so far with Pinterest, Zoom and Greenlane on tap

The initial public market is bracing for its biggest week of the year so far with eight deals on tap expected to raise $2.5 billion in proceeds.

Relative Weakness Trading Scan

The stock market remains near all-time highs so the correct trade is to look for longs.

The problem? We need a solid pull-back to hold any trades loner than a day or two.

The plan?

Start building a list of stocks showing relative weakness for potential shorts.

Here’s one of my order flow scans to give you some ideas.


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