Netflix (NFLX) is BACK! HUGE Move Coming After 2024 Earnings!
Netflix's upcoming earnings present a great short-term trading opportunity with the potential for a 15-20% move, while in the long term, the stock is expected to continue rising and reach above $1,000, positioning itself as one of the few survivors in the streaming service industry.
[00:00]( • Netflix (NFLX) is BACK! HUGE Move Com... ) Netflix earnings report is expected to cause a 15-20% move, and the chart shows the potential for the stock to reach $1,000 in the next year.
The stock jumped 20% following the last earnings report in January.
The revenue for the last quarter was 8.8 billion, representing a 125% year-over-year growth.
[03:21]( • Netflix (NFLX) is BACK! HUGE Move Com... ) Netflix's earnings per share and revenue targets have been raised, but the company's post-earnings performance has been inconsistent over the past 5 years.
Analyst expectations for earnings per share and revenue have increased.
Netflix's earnings per share has consistently outpaced analyst expectations.
Over the past 5 years, Netflix's post-earnings performance has been unpredictable, with both positive and negative returns.
The risk and reward of investing in Netflix have been relatively equal, leading some investors to be cautious.
[06:43]( • Netflix (NFLX) is BACK! HUGE Move Com... ) Chris discusses the potential for a breakout in Netflix stock based on technical indicators and predicts a short-term target of $700.
The tightness of the Binger bands indicates potential for a breakout.
Bullish technical indicators suggest a positive earnings announcement could lead to a 15-25% move in the stock.
A break above $700 could result in a rush towards $750.
Chris also mentions the long-term performance of Netflix and how they shifted focus from subscriber numbers to revenue.
[10:05]( • Netflix (NFLX) is BACK! HUGE Move Com... ) Chris discusses the different phases of a stock market cycle, including euphoria, disbelief, acceptance, and despair.
Nvidia is mentioned as a stock with a high level of risk in the euphoria phase.
The acceptance phase is characterized by investors and analysts acknowledging the stock's struggle and starting to sell.
Chris suggests that the best time to buy a stock is during the despair phase when everyone is fearful.
[13:26]( • Netflix (NFLX) is BACK! HUGE Move Com... ) Netflix has gone through a cycle of despair to acceptance, with analysts starting to recommend it as a buy again.
The cycle for Netflix goes from disbelief to acceptance, with money flowing back into the stock.
Barons has labeled Netflix as one of the "magnificent stocks" again, but not many are paying attention.
Currently, 62% of analysts recommend buying Netflix, while 34% hold and 4% sell.
As more holds turn into buys, expectations from the analyst community will increase, leading to more activity and positive articles.
[16:48]( • Netflix (NFLX) is BACK! HUGE Move Com... ) Netflix is predicted to be one of the few survivors in the streaming services industry, with potential for significant returns and long-term growth.
The stock is expected to reach $1,000 and continue to rise over the next two years.
Netflix's strong fundamentals and consumer base make it a leader in the industry.
The streaming services industry may experience a contraction, leading to a few providers aggregating content, and Netflix is likely to be one of those survivors.
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