Netflix Inc
Bank of America double upgrades Netflix to buy, says ad subscriber tier can drive 23% upside
Netflix’s monetization efforts make it an attractive stock despite slowing subscriber growth, Bank of America said Tuesday. Analyst Jessica Reif Ehrlich took over coverage of the stock and double upgraded it to buy from underperform. Ehrlich also has a price target of $370 on Netflix, implying upside of 23.6% from Monday’s close. “In our view, […]
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David Tepper’s hedge fund narrows its holdings, dumps Kohls and Occidental Petroleum
David Tepper’s Appaloosa Administration exited modest positions in various large identify organizations in the course of the 3rd quarter as the hedge fund continued to pull back from stocks. Appaloosa exited positions in Kohl’s and Occidental Petroleum that had been truly worth $66.9 million and $51.5 million, respectively, at the finish of June, in accordance […]
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Disney plans targeted hiring freeze and job cuts, according to memo
Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. “Hiring for the small subset of the […]
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Stocks making the biggest moves midday: Walgreens, Coinbase, Duolingo, Ralph Lauren and more
In this article DOCS LZ IMAX RL DUOL COIN AMZN GM WYNN MCK VRTX HUM ELV CI NFLX BZH WBA Follow your favorite stocksCREATE FREE ACCOUNT A Walgreens store is seen on August 07, 2019 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Doximity – The online […]
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Jim Cramer warns that growth stocks could see ‘more horror’ after CPI data release
CNBC’s Jim Cramer on Wednesday warned that growth stocks could take another beating if the October consumer price index reading shows that inflation is still running rampant. “If we get a steaming hot CPI reading, you’re going to see more horror on your screen, so that’s why people sold ahead of it,” he said. The […]
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Meta adds to a brutal year of layoffs in tech
Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images The job cuts in tech land are piling up, as companies that led the 10-year stock bull market adapt to a new reality. Days after Twitter’s new boss Elon Musk slashed half his […]
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Jim Cramer says these 10 ‘old guard’ stocks are making a comeback
CNBC’s Jim Cramer on Tuesday offered investors a list of 10 companies that he believes are rising to the top as tech stocks collapse. “It’s the revenge of the old guard right now, right here. All sorts of boring, conventional companies are taking back the market while the digitizers and disruptors are being burned,” he […]
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Disney wants you to focus on revenue and profit instead of streaming subscribers — just not this quarter
The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest companies in media and entertainment are telling investors to focus on revenue and profit instead of streaming subscriber growth — that message backfired […]
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Disney misses on profit and key revenue segments, but sees strong streaming growth
Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter, but saw strong streaming growth for its Disney+ platform — a rare bright spot in the report out Tuesday. The company’s […]
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There are however options in tech — here’s how to trade it: Analysts
Tech firms are dealing with a double whammy of undesirable information, with disappointing earnings and ongoing price hikes by the Federal Reserve the two weighing on the sector. But with the tech-large Nasdaq down much more than 30% calendar year-to-day, analysts say there are some dazzling places that could present alternatives to buyers. Two stand-out […]
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