Netflix stock has stood up very well with everyone at home, and expectations of new people signing up for the service during this time period. But can it get any better than this for them? There stock is about at all time highs and I expect many people paying for the service will have to cut back to save money. YouTube TV, Amazon Prime, and Hulu offer compelling alternatives. They might blow it out of the water with great earnings and see a quick pop in the stock, but with high expectations and a bleek outlook for paying customers, it would seem like the only way for Netflix (long term) is down. All the good news for Netflix is priced in, time to fade it.
I'm not sure whether they are counting return users like myself as new subscriptions?
Probably. Anything to goose the numbers
You would be counted a new subscriber because you would not be in the count for paid subs last quarter if you did not have Netflix last quarter. It's really that simple.
Wonder if this will happen with grocers and e-commerce like Amazon
Yup. Everything (except gold) will go down from here. All the good news/hope the country can return to normal is priced in - now the market prices in all lasting economic damage and the second COVID spike if we actually try to reopen now. Anything that benefited (like grocery stores, Amazon, Costco, Walmart) will see lasting revenue hits as people will buy less consumer goods and more cheap food (Aldi/walmart). People likely already stocked up on most of there food for awhile so grocery stores may do less business in the short term.
So then short Amazon stocks?
India
Yesterday
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Modi is a legend, will be remembered for centuries to come
Tech Industry
2h
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What happens when most of your team is Indian?
Tech Industry
3d
24483
Can I slack off as E9 at Meta?
Working Parents
20h
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Closed now - thank you all
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9h
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Women, help me understand why this is inspirational
Wishful thinking after you shorted this morning?
Played around buying a deep out of the money put last Thursday, up 40% since then. We'll see how tomorrow plays out. So far so good, a big pop up 10% to $480 in after hours (after they missed earnings expextations), then sold off to about flat now. My guess is the last bull bought their share, so we go down.