Tag Archives: nflx

This FANG Stock Just Tripped A Very Bearish Signal

Loading the player… FANG stocks Facebook ( FB ), Amazon ( AMZN ), Netflix ( NFLX ) and Google parent Alphabet ( GOOGL ) are all falling in heaving volume in the stock market today . Amazon is now tripping a bearish signal, shortly after the e-commerce giant’s quarterly report missed analyst expectations. Wall Street’s disappointment comes even as Amazon has continued to make outsized market share gains, posting a new record for annual sales and its largest profit in at least four years. But shares closed down 3.8% in heavy volume on Wednesday, dropping below the critical 200-day line in intraday trade for the first time in about a year. The stock has pared some of its losses, but unless Amazon can close the session above the line, that’s a bearish signal. It’s now more than 20% below its high reached in December. Fellow FANG stock Netflix has been trading below its 200-day line for several weeks now. On Wednesday, the stock finished 0.8% lower. After reversing lower from a new high in Tuesday’s session, Facebook is falling for a second day in big volume, threatening to round-trip from its recent breakout. Shares ended Wednesday down 1.7%. Google parent Alphabet fell 4% in heavy turnover and undercut the 50-day line after retaking that level last Friday. It’s now 7.5% below its intraday high reached in Tuesday’s session after the Alphabet’s strong Monday night earnings report.

Netflix Gets Bullish Call, But Stock Stages Downside Reversal

Loading the player… Netflix ( NFLX ) received a bullish upgrade from Piper Jaffray on Tuesday, but with the overall market taking a sharp step down the stock quickly reversed lower. The analyst believes that Netflix could nearly double its current subscriber base of 75 million by 2020. And the 142 million-subscriber estimate could be conservative since the projection models just a 15% international penetration rate, including 1% penetration in China. Piper Jaffray has a 122 price target on Netflix, which represents about a 30% premium to Monday’s closing price. Netflix staged a downside reversal in the stock market today in above-average volume, dropping 2.9%. Shares have been trading in five-month-low territory for the last few sessions, after breaching support at the 200-day line last month. Netflix is now trading 30% below its early December high. Netflix Vs. Amazon Amazon’s ( AMZN ) 54 million U.S. Amazon Prime subscribers gives it more potential viewers than Netflix, with its nearly 45 million U.S. subscribers. But according to a report by Consumer Intelligence Research Partners late last month, Netflix has significantly more actual viewers. Still, Amazon’s streaming service is gaining traction from critical acclaim for its original shows. Amazon sank 4%, falling for a third session in a row in above-average volume after issuing a lackluster quarterly earnings report last week. The stock is still holding above the critical 200-day line. It’s trading about 20% below its late December high. Hulu Getting Another Investor? Netflix and Amazon both face competition from Hulu, a joint venture between Disney ( DIS ), Comcast ( CMCSA ) and 21st Century Fox ( FOXA ). Time Warner ( TWX ) is reportedly in talks to buy a 25% stake in the streaming service. In early January, Time Warner retook its downward-sloping 50-day line in heavy volume. The stock is now trading about 20% below its high reached last July, and was down 1.8% Tuesday. Disney has been drifting lower since November amid fears about ESPN-subscriber losses. Volume has been heavy more for down days than for up days. Disney is about 23% below its July peak. Comcast is trading 15% below its 52-week high while Fox is about 24% below its 52-week high.

Netflix Flat, IBM Falls As More Tech Earnings Loom

Wednesday’s tough trading environment rocked Netflix (NFLX) and IBM (IBM) stocks a day after the companies’ fourth-quarter reports beat earnings estimates. Over the next seven days, other big-cap techs Verizon (VZ), SAP (SAP) and Apple (AAPL) are also set to give quarterly reports. The S&P 500 and Nasdaq pared steep, early losses Wednesday, following a rough trading day on Asian and European stock markets. Crude oil fell below $27 a barrel,