Posts Tagged ‘netflix’

Markets Down As Euro Nerves For Certainty

Tuesday, October 25th, 2011

World stocks and the euro stumbled on Tuesday after the cancellation of a meeting of European finance ministers raised doubts that an upcoming summit will result in a clear plan to rein in Europe’s debt crisis. A summit of European leaders remains scheduled for Wednesday, but the gathering of finance ministers — known as Ecofin — was canceled because details of the meeting had not been finalized. Shocking to say the least as markets have been rising on “HOPE”

Also on Tuesday, Germany said it opposes a phrase in a draft conclusion for the summit that calls for the European Central Bank to continue buying bonds in the secondary market. The ECB has been buying Spanish and Italian bonds for more than two months in order to hold down the countries’ borrowing costs and contain the region’s debt crisis. Earlier in the global session, world stocks hit seven-week highs and the euro notched a six-week high against the dollar on signs that euro zone policymakers had neared agreement on bank recapitalization and on how to leverage the region’s rescue fund. Officials said euro zone leaders are unlikely to provide many hard numbers to flesh out their debt crisis response on Wednesday because the size of banks’ losses on Greek bonds is still under negotiation and an increase in the firepower of the bailout fund is tough to quantify. MSCI’s all-country world stock index fell 0.8 percent, after having earlier hit its highest level since early September.

U.S. stocks fell sharply, with weak corporate results, including from diversified manufacturer 3M Co and movie rental company Netflix Inc, adding to the cautious tone. (Read a report from WSG from December 2nd, 2010.) The DJIA was down 122.23 points, or 1.03 percent, at 11,791.39. The S&P was down 15.54 points, or 1.24 percent, at 1,238.65.

The dollar hit a record low versus the yen, raising expectations of official intervention to stem the yen’s strength. The dollar hit a fresh low of 75.73 yen, just below the previous low of 75.78 yen reached late last week. In the oil market, Brent crude fell 97 cents at $110.48 a barrel. U.S. crude rose $2.30 to $93.57 a barrel.

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Netflix To Expand Into Latin America

Tuesday, July 5th, 2011

Netflix (Nasadaq:NFLX) will continue to conquer the Americas: the online video rental service announced this morning that it will be expanding to 43 countries in Latin America and the Caribbean later this year. The news comes after endless hinting earlier this year from Netflix about its future expansion plans. Some had expected Netflix to enter the European market, but there it would have had to compete with the entrenched video service LoveFilm (which was acquired by Amazon earlier this year).

Netflix said that its streaming video service would be headed to Mexico, Central America, South America and Caribbean countries, but it didn’t specify which countries in the latter regions. The company will offer English, Spanish and Portuguese language options in the regions (which is a big hint that it will be heading to Brazil as well). Just like with Netflix’s Canadian launch last year, the company will only offer streaming video in the new markets (I can’t imagine how Netflix would deal with physical discs in international markets). The announcement is yet another indicator that Netflix’s real future is in streaming video, although that has been clear even in the US for some time.

I think that there is a lot of room for growth in these markets. The Latin American market has an estimated 215 million user base, compared to the U.S. with about 245 million. In a letter to investors in April, Netflix said it expected to have $50 million to $70 million in operating losses during the second half of the year due to its second international expansion.

Once considered a friend to TV and movie studios, media conglomerates have fretted over the service’s popularity because it threatens traditional cable and satellite providers. The fear is that consumers will drop pricey cable packages — known as cord cutting — in favor of cheaper services offered by companies such as Netflix. Netflix has more than 23 million subscribers. By contrast, Comcast (CMCSA.O), the No. 1 U.S. cable operator, has 22.8 million subscribers as of March 31. Netflix shares were up 6.3 percent at $284.92 in late morning Nasdaq trading.

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S&P Falls Short Of 1300 Close

Thursday, January 27th, 2011

The S&P 500 rose 2.91 points, or 0.2 percent, to close at 1,299.54, its highest close since Aug. 28, 2008, which was also the last time the broad market index closed above 1,300.  The market seemed to stall as it hit the major thresholds, but a sell-off doesn’t appear to be in the offing, at least yet. However, the broad-market barometer did manage to topple this familiar foe in intraday trading, topping out at 1,301.29 – a feat not accomplished since September 2008.

Stocks spent the session dancing around breakeven today, as the Street sipped a cocktail of mixed earnings and economic reports. On the bullish hand, Dow component Caterpillar (CAT) and video rental vixen Netflix (NFLX) wowed investors with their respective earnings reports, with the latter even tagging a new record high. In the same vein, the National Association of Realtors’ pending-home sales index jumped 2% in December, nearly twice the increase expected by economists. On the bearish hand, however, a steeper-than-expected quarterly loss from D.R. Horton (DHI) tempered any housing-related enthusiasm, as did unexpectedly dismal data on both jobless claims and durable goods. Likewise, disappointing earnings reports from both AT&T (T) and Procter & Gamble (PG) attempted to rain on the blue chips’ parade. Against this ambiguous backdrop, the major market indexes eked out gains by the close, though both the Dow and S&P 500 Index failed to conquer round-number resistance.

I’m still anticipating a pull back sometime soon. I’ve been calling for a correction for the last 2 weeks as markets have stalled just shy of 1300. On average, the correction, when it happens is about 9 percent. I think it will be more in the neighborhood of 6 to 8 percent this time. By year end, however, I expect the market will deliver returns in the upper-single-digits to double-digits.

Certain indicators confirm the notion that the market is due for a sell-off, such as record numbers of stocks hitting 52-week highs. Another indicator: smaller capitalization stocks have tended not to outperform large caps in recent weeks.

Generally speaking, the market remains positive. Any pullback that we see will mostly be short term in nature.

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S&P Biggest % Gainers Of 2010

Wednesday, January 5th, 2011

The S&P 500 rose for a second consecutive year in 2010 on its climb back from the 2008 losses triggered by the financial crisis and the ensuing recession.  The broad index rose 12.8 percent over the year. The following is a list of the index’s biggest gainers and losers.

BEST PERFORMERS:

STOCK                                  2010 PCT GAIN

Netflix Inc* (NFLX)                  226.4 pct

F5 Networks Inc* (FFIV)              150 pct

Cummins Inc (CMI)                    140.2 pct

American International Group (AIG)   92 pct

Huntington Bancshares Inc (HBAN)     88.8 pct

Zions Bancorp (ZION)                 89.2 pct

Akamai Technologies Inc (AKAM)       88.2 pct

Priceline.com Inc (PCLN)             85.1 pct

Whole Foods Market Inc (WFMI)        84.3 pct

Qwest Communications Intl Inc (Q)    81.5 pct

* Added to index Dec. 17

 WORST PERFORMERS:

STOCK                                  2010 PCT LOSS

Dean Foods Co (DF)                   52 pct

H&R Block Inc (HRB)                  47.9 pct

Apollo Group Inc (APOL)              34.5 pct

Diamond Offshore Drilling Inc (DO)   33 pct

Pulte Group Inc (PHM)                25.6 pct

Supervalu Inc (SVU)                  24.9 pct

Micron Technology Inc (MU)           25.2 pct

AK Steel Holding Corp (AKS)          24.5 pct

Western Digital Corp (WDC)           23.8 pct

Southwestern Energy Co (SWN)         22.8 pct

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Netflix, Inc. (NASDAQ: NFLX) Shares Surges With Netflix One-Click Remotes Announcement

Tuesday, January 4th, 2011

Netflix, Inc. (NASDAQ:NFLX) is currently trading at $180.40, jumping 1.11% from its previous day close of $17.00 after the company announced of its partnerships with number of the world’s leading consumer electronics companies to add a streaming button to TV remote controls that operate Internet connected TVs, Blu-ray disc players and other devices that connect the Internet to the TV.

Shares of Los Gatos-based Company opened at $181.35 and traded in the range of $181.04-$184.90 on lower volume of 2.60 million shares compared to the daily average volume of 6.46 million shares. The Stock has 52 week range of $48.52-$209.24. Currently, the market capital of the stock stands at $9.53 billion with P/E of 68.81 and beta of 0.47.

This Netflix button will be added to TV remote control in the spring. The button will be on remotes for new Blu-ray disc players from companies including Best Buy’s in-house Dynex brand, Haier, Memorex, Panasonic, Samsung, Sharp, Sony, and Toshiba. Companies like Sharp, Sony, and Toshiba also planned to add this button on remote controls for select new Internet-connected TVs. Set-top boxes from Boxee, Iomega and Roku will have the Netflix one-click remote, too.

Commenting on the above news, Netflix Chief Product Officer Neil Hunt said that with the introduction of this Netflix button on TV remote controls, the members need not search for the Netflix icon on its TV home screen, they can just push the Netflix button on their remote control and it will pop up with vast selection of TV shows and movies available to stream from Netflix.

At present there are more than 250 Netflix ready devices on the market and the Netflix one-click remote is the latest in a series of rapid technological advancements by Netflix to enable Netflix members to instantly watch TV shows and movies streamed by Netflix over the Internet.

Netflix, Inc. is a subscription service streaming movies and television episodes over the Internet and sending digital versatile discs (DVDs) by mail to more than 12 million subscribers. The Company’s subscribers can watch unlimited movies and television episodes streamed to their televisions and computers, and can receive DVDs delivered to their homes.

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Netflix, Inc. (NASDAQ: NFLX) Closed Near Day’s High

Tuesday, December 21st, 2010

Shares of Netflix, Inc. (NASDAQ:NFLX) soared 4.60% on Tuesday after Federal Communications Commission issued a strict guidelines over the Net neutrality, which could benefit the company.

The rules were made in such a way that now consumers would be allowed to access any type of websites at the same cost they used to be. In other words, now the internet service providers such as AT&T Inc. and Comcast Corp. wouldn’t be allowed to block the large access to competing applications such Internet telephony or to other Web sites like Google and Netflix.

As for example Netflix, which allows the users to download rental movie takes much bandwidth. Without stricter rules, supporters say, Comcast could block video downloads from Netflix or force Netflix to pay a fee for the privilege.

Shares of NFLX have performed very well this year and given a whopping return of 238%. It has  a 52-week range of $48.52-$209.24.

Netflix, Inc. is a subscription service streaming movies and television episodes over the Internet and sending digital versatile discs (DVDs) by mail to more than 12 million subscribers.

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Notable Stock Downgrades (Ivanhoe Mines Ltd., 3M Company, Netflix)

Wednesday, December 8th, 2010

Ivanhoe Mines Ltd. (USA) (NYSE:IVN) slumped 12.95% to $25.42. Rio Tinto plc announced that after the completion of the purchase of a total of 20 million shares from Mr. Friedland and Citibank and the subscription for 33,783,784 shares from Ivanhoe Mines, Ltd. upon the exercise of USD300 million of its Series B warrants, Rio Tinto will have increased its ownership by 7.4% and own 239,251,843 common shares of Ivanhoe representing 42.3% of Ivanhoe’s outstanding common shares.

Also, Desjardins downgraded Ivanhoe Mines to Hold from Buy.

3M Company (NYSE:MMM) added 0.01% to $84.20. Goldman Sachs downgraded 3M from Buy to Neutral and lowers their price target form $98 to $93.

The stock opened at $83.23 and is trading within the range of $83.23-$84.21. The stock added more than 1% year-to-date.

Netflix, Inc. (NASDAQ:NFLX) lost 2.66% to $184.77. Jefferies downgraded Netflix from Buy to Hold, saying while the story is still compelling valuation is full.

The stock has average daily volume of 5.96 million shares.

Netflix, Inc. is a subscription service streaming movies and television episodes over the Internet and sending digital versatile discs (DVDs) by mail to more than 12 million subscribers.

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Netflix, Inc. (NASDAQ: NFLX) Falls 2.70% In After Hours

Wednesday, December 8th, 2010

Shares of Netflix, Inc. (NASDAQ:NFLX) were showing increased selling pressure in After Hours on Tuesday following a 1.90% fall in the regular session. The stock slid 2.70% to $184.70 in extended hours on news that the company’s CFO Barry McCarthy has resigned from the company w.e.f This Friday.

Mr. McCarthy has expressed a desire to pursue broader executive opportunities outside the Company. The company has appointed finance veteran David Wells will succeed McCarthy effective December 10.

Shares of NFLX has given very impressive returns to its shareholders as the stock has climbed over 244% so far this year. Last week, the stock made an all time high of $209.40.

Netflix, Inc. is a subscription service streaming movies and television episodes over the Internet and sending digital versatile discs (DVDs) by mail to more than 12 million subscribers.

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Stocks at One-Year High (Amazon, Netflix, DECK, F5 Networks)

Monday, November 29th, 2010

Amazon.com, Inc. (NASDAQ:AMZN) surged 1.02% to $179. The 52-week range of the stock is $105.80-$181.84. The stock made its fresh 52-week high of $181.84.

Amazon.com, Inc. offers services to consumers, sellers, and developers through its retail Websites. It also manufactures and sells the Kindle e-reader.

Netflix, Inc. (NASDAQ:NFLX) added 2.44% to $196.57 after it made its new 52-week high of $196.37. The 52-week range of the stock is $48.52-$196.37.

The stock opened at $193.67 and is trading within the range of $192.50-$196.37. At current market price, the market capitalization of the company stands at $10.24 billion.

Deckers Outdoor Corporation (NASDAQ:DECK) is 0.56% higher at $73. The 52-week range of the stock is $29.58-$73.87.

The stock opened at $73.35 and is trading within the range of $72.28-$73.87. At current market price, the market capitalization of the company stands at $2.81 billion. The stock touched its new one-year high of $73.87.

F5 Networks, Inc. (NASDAQ:FFIV) is trading 1.04% lower at $133.63.The 52-week range of the stock is $46.69-$136. The stock made its fresh 52-week high of $136.

The average daily volume of the stock is 2.79 million shares. At current market price, the market capitalization of the company stands at $10.80 billion.

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Stocks at One-Year High (Amazon, Netflix, DECK, F5 Networks)

Sunday, November 28th, 2010

Amazon.com, Inc. (NASDAQ:AMZN) surged 1.02% to $179. The 52-week range of the stock is $105.80-$181.84. The stock made its fresh 52-week high of $181.84.

Amazon.com, Inc. offers services to consumers, sellers, and developers through its retail Websites. It also manufactures and sells the Kindle e-reader.

Netflix, Inc. (NASDAQ:NFLX) added 2.44% to $196.57 after it made its new 52-week high of $196.37. The 52-week range of the stock is $48.52-$196.37.

The stock opened at $193.67 and is trading within the range of $192.50-$196.37. At current market price, the market capitalization of the company stands at $10.24 billion.

Deckers Outdoor Corporation (NASDAQ:DECK) is 0.56% higher at $73. The 52-week range of the stock is $29.58-$73.87.

The stock opened at $73.35 and is trading within the range of $72.28-$73.87. At current market price, the market capitalization of the company stands at $2.81 billion. The stock touched its new one-year high of $73.87.

F5 Networks, Inc. (NASDAQ:FFIV) is trading 1.04% lower at $133.63.The 52-week range of the stock is $46.69-$136. The stock made its fresh 52-week high of $136.

The average daily volume of the stock is 2.79 million shares. At current market price, the market capitalization of the company stands at $10.80 billion.

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