NETFLIX (NFLX)

EARNINGS RELEASE WEDNESDAY - OCTOBER 16 (AMC)

Trade Assist May Not Be Available For All Jump Trades (See Trade Plan

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JUMP REPORT

Avg Daily Volume: 8,490,778    Market Cap: 123.88B
Sector: Services    Short Interest: 3.61

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:     1.04/share     REV:  5,250/M
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     LAST QTR:  EPS:       .56/share     ACTUAL:   .60/share  (BEAT)
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     NEXT QTR:  EPS:     .81/share     REV: 5,560/M
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     FULL YR:     EPS:     3.23/share    REV: 20,200/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  69%  OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -11.62, 2.58, -4.6

EXPECTED JUMP MOVE:  8%

Links To Latest News and Headlines

COMPANY CLOSE UPDATES Terrence Horan Shares of Netflix Inc. NFLX slid 0.55% to $486.24 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 3.

28 Oct, 2020 @ 15:40 by Yahoo! Finance

NXST vs. NFLX: Which Stock Is the Better Value Option?

(Bloomberg) — After a dizzying pandemic-induced rally in 2020, investors in e-commerce giant Shopify Inc. are wondering what comes next.The Ottawa-based company is now Canada’s most valuable company, trading at more than twice the peak value of BlackBerry Ltd. in 2008, which was once the nation’s tech darling. Its 175% ascent this year has been helped in no small part by a surge in demand for online shopping as consumers around the world were housebound by Covid-19 lockdowns.“The looming question for Shopify and really all e-commerce related businesses is can they sustain that momentum that we’ve seen in the early half of the year into the second half, especially as stimulus is tapered off here in the United States,” Samad Samana, an analyst with Jefferies LLC, said last week.South of the border, the shine is coming off some tech stocks that investors once thought were early pandemic winners. Last week, cloud-software provider Fastly Inc. plummeted to its worst session on record after reporting a revenue warning for the third quarter. And Netflix Inc. slumped after it added few new customers since April.Read more: David Einhorn Says Tech Stocks Are in an ‘Enormous’ BubbleShopify is expected to report third-quarter revenue of $663.5 million on Thursday, which represents growth of about 70% from a year earlier, according to data compiled by Bloomberg. Gross merchandise volume, which represents the value of all goods sold on the platform, is also seen growing more than 70% to $26.1 billion, according to a Bloomberg Consensus estimate. Any forward-looking commentary will also be closely scrutinized after the company suspended full-year guidance in April.Shopify’s growing footprint means analysts will also be looking to it as an indicator of underlying consumer demand, Samana said. The company has previously said risks include the potential for unemployment to surge as the pandemic drags on, hurting consumer spending and new shop creation.“Given the elevated spending trends and outsized tailwinds to e-commerce adoption driven by Covid, and now with increasing signals of these tailwinds extending into 2021, we look for signs of Shopify being able to sustain growth rates even when the macro environment returns to normal,” Morgan Stanley analyst Keith Weiss said in Oct. 21 research note.Founded in 2004 by Tobi Lutke, Shopify’s early business was helping retailers shift sales online, but it has since expanded to offer access to capital, payments and shipping solutions.Read more: Iowa Farmer Finds Fortune in Selling Carbon Credits to ShopifyThe company claimed the second-largest share of online retail sales in the U.S. last year, behind Amazon.com Inc., but ahead of eBay Inc. and Walmart Inc..For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

28 Oct, 2020 @ 12:28 by Yahoo! Finance

For a number of years, I’ve been steering clear of Netflix (NASDAQ: NFLX) stock. My reasons for ignoring Netflix stock have little to do with how “expensive” the stock is. At 9.2 and 78 times trailing 12-month sales and earnings per share, respectively, the entertainment stock looks like a reasonable value given its growth using these two metrics alone — and has for some time, in my opinion.

Netflix (NASDAQ: NFLX) revealed today that it would create new content based on the wildly popular Assassin’s Creed video game. The company is teaming with games publisher Ubisoft (OTC: UBSF.Y) with an eye toward multiple projects. The series will be executive produced by Ubisoft Film & Television’s Jason Altman and Danielle Kreinik.

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ANALYSIS:   

StockJumpers trajectory analysis reveals an initial pop up on the news, but then a sell off and the price moves down. The market reaction may be mixed and the metric being watched is new subscribers (domestic and international). Most analysts are bullish… and there is good news but overall we think it will fall by morning. 

We are biased SHORT on the event.

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OUR TRADE PLAN:

ENTRY:  SELL end of day
STOP LOSS:   NA
INITIAL PROFIT TARGET: 8%
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TRADE ASSIST:  NO

POST RELEASE ACTION: 

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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory. 

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