Tuesday, 1 July 2014

NFLX - cruising to the big $500

Whilst the broader market saw significant gains, there were even more impressive gains for Netflix (NFLX), which gained 7.4%, settling @ $473. There looks to be relatively easy upside into earnings season, with the big $500 threshold set to be hit.

NFLX, daily


Suffice to say, the equity bears can complain NFLX is over-valued (along with the rest of the market), yet the company is making reasonable profits, and looks set to expand its customer reach for at least another year or two.

NFLX looks bullish to the big $500 level, which seems viable this month..or mid August at the latest.