NFLX Dec 2024 480.000 put
| Previous close | 0.9600 |
| Open | 1.1500 |
| Bid | 0.7200 |
| Ask | 1.2700 |
| Strike | 480.00 |
| Expiry date | 2024-12-20 |
| Day's range | 0.9600 - 1.1500 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.85k |
- Yahoo Finance Video
Netflix is 'the 800-pound gorilla' of streaming: Strategist
Netflix (NFLX) is set to report its third quarter earnings Thursday, with Wall Street anticipating revenue of $9.77 billion and adjusted earnings per share of $5.16. Annandale Capital founder and chairman George Seay joins Catalysts to discuss these lofty expectations and the streaming giant's potential to outperform. Seay characterizes Netflix as "a great metaphor" for the broader stock market, particularly the Nasdaq Composite index (^IXIC). He emphasizes that the company must exceed expectations to maintain its momentum, though it is at the mercy of overall market trends. "This is one of the must-own companies, but if you don't own it yet, you probably have time to get in once it corrects at some point," Seay states. "We don't know what's going to happen, but it's almost like the market is priced right now where everything's got to go right for everything to keep going up, including Netflix." Regarding competition, Seay labels Netflix as "the 800-pound gorilla," noting that the company's rivals are "inept" in comparison. This dominance, he argues, creates an enormous amount of pricing power for Netflix. "The execution is outstanding. I think if you talk about internal metrics and the way they operate, you have to be bullish long-term on Netflix," Seay tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
- Yahoo Finance Video
China stimulus, Boeing layoffs, new Nike CEO: 3 Things
US stock futures (ES=F, NQ=F, YM=F) are paying extra close attention to China's economic stimulus plan while companies like Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), and Netflix (NFLX) are due to report earnings. Boeing (BA) shares dip further in Monday's pre-market session after the aircraft manufacturer announced last Friday that it will cut 17,000 jobs, equal to 10% of its global workforce. The International Association of Machinists and Aerospace Workers' (IAM) ongoing strike has gone on for over a month. Former Nike (NKE) executive Elliott Hill will assume the mantle of CEO and president for the athletic apparel brand on Monday. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
Investor's Business DailyNetflix, 2 Other Stocks Draw Bullish Views From Wall Street
Netflix stock is near a buy zone as analysts see profits rising. Other stocks with rising profit estimates include GE Aerospace, Abercrombie & Fitch and Meta.
