The Netflix stock split and earnings report today gives many day traders a solid opportunity to get the stock back into their watch list.
Unless you are trading with a proprietary trading firm, (where leverage is accessible) or trading options, NFLX at $700 would be out of the range for most retail traders.
Today at $100 makes it feasible from a risk stand-point for a much larger group of traders..
Also Amazon.com had a nice 3 day breakout from a multi month trading range heading into today’s Amazon Prime day.
July 15 Stock Market Today: Map of the S&P 500
(click the map for a full view)
SPY price action the last 3 days off the Greek news has been impressive. Most likely a day of profit taking today. This means set your expectations to be more stock specific because the market won’t offer much juice to your trade ideas.
(click the chart for a full view)
Stocks to Trade | Wednesday July 15, 2015
- Quite a few financial stocks at or near new highs. Perhaps a sign of a move in interest rates in September.
Interesting Chart Lessons:
Clean bear flag setting up a short-sale. Yesterday’s high perfectly touched a declining 20 ema with a $4 profit target @$64.
(click the chart for a full view)
Earnings in play today > 1M avg shares: BAC, DAL, INTC, KMI, NFLX, PNC, USB
Bullish Ideas ATR/Volume/Price: AXLN, HCA, MBLY, RCL>85, NKE, CVS, AGN, UNH, TSLA, ACN, BA,
Bearish Ideas ATR/Volume/Price: yelp, clr, gmcr, wdc, isis, uri, fslr, bidu, apa, baba, utx, mon, lng, unp
Weak Stock Weak Close: emc, nrg
Strong Stock Weak Close: TSO, EA, VLO, TWC
Weak Stock Strong Close: csiq, clr, cree, isis, stx, dvn, cvx, lng, cat, pot, scty
Strong Stock Strong Close: ALXN, JBLU, MBLY, HZNP, HIG, SUNE, UNH, SPLK, STI, SCHW
20 day Breakdown: asna, emc, fast,
20 Day Breakout: ACAD, AMZN, ATVIDHR, GOOG, HAS, KO, MWE, PSX, SEE, TMO, TWTR
2x Normal Volume: MU, DHR, FAST, BDN, ASNA, TWTR, EA, EMC
Watch List Longs: BMY, DIS, SBUX, JPM, COF, MET, WFC, MS, LEN, EBAY, TOLL, HD, DOW, ADBE, T, INTU
Watch List Short: cop, slb, cvx, sndk, dd, nue, orcl, ntap, emc, txn, hpq, lltc, qcom, klac
Inside days: nflx, baba, dis, coh, pep, feye, kors, dd, aet, pgr, ibm, utx, wfm, m, bidu, dhi, hum, hcn, bbby, lulu,
Netflix Stock Split | NFLX Earnings
Netflix stock split is official; company reports Q2 earnings Wednesday
Netflix is having a big week. After its shares hit an all-time high of $707.61 on Monday, Netflix Inc.’s seven-for-one stock split took effect Tuesday. On Wednesday, the company is scheduled to release its second-quarter earnings report.
Trading will begin Wednesday at the post-split price that was approved in May. The stock dividend will be payable on Tuesday to shareholders of record at the close of business on July 2. Shares of the Los Gatos-based company dipped 0.71 percent in trading Tuesday.
What to watch on Netflix? Subs and overseas growth
When Netflix reports quarterly results after the bell Wednesday the most important number to watch is streaming subscribers.
Not only will Wall Street be carefully watching growth of Netflix’s streaming numbers at home and abroad, the company’s forecast on subscribers for the next quarter will be sure to send the stock swinging one direction or the other in after-hours trading.
The key benchmarks: Hastings projected the company would add 600,000 subscribers in the US, for a total of 42 million at home, and 1.9 million overseas, for 22.8 million in total abroad.
Netflix Holds Bullish Post-Earnings Trading History for Longs and Shorts
The movement is more consistent on the downside, favoring shorts – but longs still see decent prospects as well.
NFLX is slated to report Q2 results after the bell tonight, and it is expected to report a profit of $0.04 per share on sales of $1.64 billion, according to the mean estimate of analysts polled by Capital IQ.
NFLX is showing a long-term tendency to widen its post-earnings share move between the sessions, doing so in 28 of the last 46 quarters for which we’ve tracked results (61% of the time)
Why Earnings Season Could Be Great for Netflix (NFLX)
Investors are always looking for stocks that are poised to beat at earnings season and Netflix, Inc. (NFLX – Analyst Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Netflix is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for NFLX in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 35 cents per share for NFLX, compared to a broader Zacks Consensus Estimate of 32 cents per share. This suggests that analysts have very recently bumped up their estimates for NFLX, giving the stock a Zacks Earnings ESP of 9.38% heading into earnings season.
Why is this Important?