Tech stocks went on a wild ride Monday, diving at the open on concerns about the Chinese economy. But some big names later rebounded and were in positive territory before falling back into the red in afternoon trading. Among the firms that went bungee jumping on Monday were Apple (AAPL), Fitbit (FIT) and Netflix (NFLX). Consumer electronics giant Apple plunged as much as 13%, then rebounded to a gain of 3% before ending the day down 2.5% at
It’s clear that Apple (AAPL) iPhones and Tesla (TSLA) luxury electric cars command star power overseas. But Hollywood has long been one of America’s most influential exports, and Netflix (NFLX) has become a dominant portal for the product. The world’s infatuation with U.S. film and other Western content plays well for streaming king Netflix. “This is an American brand with American content,” FBR Capital’s Barton Crockett told
After two weeks of bullish analyst reports and price target hikes, Netflix (NFLX) stock fell from its lofty perch on Thursday. In afternoon trading on the stock market today, Netflix was down 7.5% to near 113 amid a broader market selloff. The Internet television company reached a record high of 129.29 on Aug. 5. Analysts attributed the drop Tuesday to profit-taking and valuation concerns. Netflix stock has held strong in recent weeks as