Posted:
#1
Looks like a buy here at $398
Is anyone buying?
What are your thoughts on NFLX stock?
Netflix
Views: 235
Posts: 7
Posted:
#2
To me I would stay away. Unless you really see a reason for there to be some long-term upside. One of their biggest drawbacks is they are mainly a streaming service with nothing else to fall back on. The upside is they seem to keep having good content. They beat earnings expectations but did not add as many subscribers as same quarter last year. But that could be seen as people not being forced to be home as much now, maybe. Fundamentally, they may have some upside; technically, I think you have to wait for some signs of upward movement. Maybe this could be a spot to make a quick bounce back and grab profit -- but, I think even that has already passed. Maybe another drawback would allow that.
One of the analyst's sheets I get looks at 6 or 7 categories and ranks each on a scale of 1 to 10. For NFLX they have them overall as NEUTRAL at a 4. Fundamentally, they score them at 8. However, all the other categories are quite low. For example, they score them a 2 on relative valuation.
From another group:
Although the stock has pulled back from higher prices, NFLX remains susceptible to further declines. A reversal of the existing trend looks unlikely
at this time. The stock has underperformed the market when compared to the S&P 500 over the last 50 trading days. NFLX's chart formation
indicates the stock is in a strong downward trend. Despite a weak technical condition there are positive signs. Momentum as measured by the 9-day
RSI is bullish. Over the last 50 trading sessions, there has been more volume on down days than on up days, indicating that NFLX is under
distribution, which is a bearish condition. The stock is trading below a falling 50-day moving average which confirms the weak technical condition of NFLX. In addition, NFLX is below its falling 200-day moving average.
Good luck if you decide to jump in. 
Posted:
#4
Quote Originally Posted by Raiders22:
To me I would stay away. Unless you really see a reason for there to be some long-term upside. One of their biggest drawbacks is they are mainly a streaming service with nothing else to fall back on. The upside is they seem to keep having good content. They beat earnings expectations but did not add as many subscribers as same quarter last year. But that could be seen as people not being forced to be home as much now, maybe. Fundamentally, they may have some upside; technically, I think you have to wait for some signs of upward movement. Maybe this could be a spot to make a quick bounce back and grab profit -- but, I think even that has already passed. Maybe another drawback would allow that. One of the analyst's sheets I get looks at 6 or 7 categories and ranks each on a scale of 1 to 10. For NFLX they have them overall as NEUTRAL at a 4. Fundamentally, they score them at 8. However, all the other categories are quite low. For example, they score them a 2 on relative valuation. From another group: Although the stock has pulled back from higher prices, NFLX remains susceptible to further declines. A reversal of the existing trend looks unlikelyat this time. The stock has underperformed the market when compared to the S&P 500 over the last 50 trading days. NFLX's chart formationindicates the stock is in a strong downward trend. Despite a weak technical condition there are positive signs. Momentum as measured by the 9-dayRSI is bullish. Over the last 50 trading sessions, there has been more volume on down days than on up days, indicating that NFLX is underdistribution, which is a bearish condition. The stock is trading below a falling 50-day moving average which confirms the weak technical condition of NFLX. In addition, NFLX is below its falling 200-day moving average. Good luck if you decide to jump in.
Posted:
#7
I got in around $220 earlier this year. It was risky, because they were losing millions of subscribers at the time, but the losses were still a very small percentage of their overall user base. Also, I liked the fact that they had "other levers to pull" to gain more $$. Namely, the advertising supported tier, as well as making $$ from all the folks involved in password sharing.
Netflix did something interesting in the last earnings call, too. They will move to a model that encourages the investment community to look at revenue & profits, instead of honing in on subscribers. Apple did this years ago, as well. Not saying NFLX is Apple, but the model makes sense, since they will be making an increasing amount of $$ going forward from advertisers,... not just subscribers.
BTW, I own Disney as well. I see these as the top 2 streaming plays, and the subscriber numbers bear this out, as well. They dominate the category for streaming.
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