Q1 Earnings: Netflix, 3 Top IPOs Join Stocks Expecting 50%-Plus Growth
Netflix rose as much as 63% in just three months from a 204.48 buy point it cleared in early January. However, the streaming giant went into buffering mode as the major indexes pulled back and entered a market correction.
But the indexes have rebounded into a nascent uptrend, and Netflix has climbed back above its 50-day line. Analysts are looking for a 60% spike in EPS growth when Netflix reports Q1 earnings on April 16.
Netflix earnings: Another ‘beautiful quarter,’ or are subscriber expectations too high?
Netflix Inc. reported a “beautiful quarter” in January that pushed its market cap past $100 billion for the first time, but that success thrust subscriber-growth expectations even higher for the quarter Netflix will report after the bell on Monday.
The streaming giant handily beat analyst expectations for subscriber growth in the fourth quarter, adding more than eight million users compared with expectations of 6 million, according to FactSet. Netflix NFLX, +1.27% stock has continued to demolish records since, setting new highs in dozens of sessions in February, March and April.
Today's Trade of the Day | 4-16-18
SLB Schlumberger flirting with a $68 breakout again. Game planning a new swing trade long with a $68.50 buy stop. Initial profit target comes in at $75. Stop loss on a close below $67.25. The stop loss might seem tight, but if the break out fails, I see no reason to give the trade extra room.
Stocks to Trade Monday Edition 4-16-18
Bullish Momentum: WLL, PE, RSPP, APA, PBF
Bearish Momentum: bzun, pnc, cah, kss, rost, momo, ms, ccl, pags
Double Normal Volume: JPM, HLT, YNDX, CBI, CLDR, PNC
Inside Days: intc, fb, bmy, mgm, gild, mo, cl, mon, phm, pep, aep, wynn, expe
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