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Netflix Inc. stock is going to announce the earning report, and the price is expected to go up!
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Netflix, January 17, 2023
Current Price: 332,00$
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| Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
| 386,60 |
366,80 |
351,50 |
322,70 |
306,10 |
292,50 |
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- EVENT: NETFLIX TO ANNOUNCE Q4 EARNINGS (January 19, Thursday): Netflix results on Thursday will be closely watched, with this quarterly update serving as a potential sign of things to come for the tech sector's results, which are set to begin in earnest the following week. Streaming giant is expected to announce $0,59 EPS with $7,84 billion revenue.
- SUBSCRIBER GROWTHNetflix beat subscriber growth expectations over the next two quarters and in Q3 NFLX reported subscriber growth of 2.4 million, exceeding the expected 1 million. Not surprisingly, subscriber growth is going to be the primary focus of Thursdays report. Consensus estimates currently forecast subscriber growth for the quarter at 4.5 million.
- NETFLIX IS AHEAD IN STREAMING WARS: One factor that may hinder Netflix’s subscriber growth and business model is the stiff competition brought about by the streaming wars. While Netflix is the leading platform, heavyweights like Apple TV, Amazon Prime, HBO Max, Disney+, Peacock, Hulu, YouTube and even TikTok will continue to draw attention from its subscribers. Still, NFLX is the leader in engagement. Netflix streaming accounts for 7.6% of TV time, 2.6x Amazon prime’s engagement, and 1.4x Disney+ and Hulu combined.
- CONCLUSION: With management guiding for strong sequential growth in subscribers in the fourth quarter, and with the
ad-supported tier ramping up, the stock's valuation looks quite attractive today. Sure, a price-to-earnings ratio of 28 isn't
necessarily cheap. But it's not a bad price to pay for a market leader with a major new catalyst for its top line on the horizon. Overall, the stock looks like a good buy headed into the earnings report.
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Netflix Inc. uptrend opportunity based On 1.00 Lot Calculation:
NETFLIX
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| Pivot Points |
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
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| Profit or loss in $ |
5460 |
3480 |
1950 |
-930 |
-2590 |
-3950 |
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| Profit or loss in € |
5035 |
3209 |
1803 |
-857 |
-2388 |
-3643 |
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| Profit or loss in £ |
4452 |
2837 |
1590 |
-758 |
-2111 |
-3220 |
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- Calculations for exchange rate used as of 13:15 (GMT+1) 17/01/2023
- 1.00 lot is equivalent of 100 USD
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Finveo recommends the use of Stop-Loss and Take-Profit risk management tools, please speak to your Senior Account Manager regarding their use.
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