Representative Image Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader. The Los Gatos, California, company added 8.3 million worldwide subscribers during the October-December period, about 200,000 fewer than management had forecast. Besides releasing its fourth-quarter results Thursday, Netflix also projected an increase of 2.5 million subscribers during the first three months of this year, well below analysts' expectations for a gain of 4 million, according to FactSet Research. The disappointing news caused Netflix's stock price to plunge by more than 19% in extended trading after the numbers came out, deepening a steep decline during the past two months. It capped a challenging year for Netflix after it reveled in eye-popping gains during the pandemic lockdowns of 2020 that drove … [Read more...] about Netflix stock plunges as subscriber growth worries deepen
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Share to Twitter Share to Linkedin Topline It’s too early for investors to value and trade legacy automakers such as Ford like electric vehicle stocks, according to Jefferies analysts who recently downgraded shares of the company warning that there is limited upside ahead. Key Facts Shares of Ford fell 0.5% to nearly $22 per share on Thursday despite a downgrade from Jefferies analysts, who warn the stock may have gotten ahead of itself. Analyst Phillipe Houchois downgraded Ford from a “buy” to a “hold” rating noting that shares have limited upside left after a hot streak that sent the stock skyrocketing more than 130% in 2021. Though the company is making solid progress on its electric vehicle ambitions, it’s too early for investors to be trading Ford stock like an EV company, he argues. The Jefferies analyst is subsequently hesitant to assign a higher valuation multiple to Ford’s stock, pointing out that the company is still susceptible … [Read more...] about Ford Isn’t Tesla Yet And Shouldn’t Be Trading Like An Electric Vehicle Stock, This Firm Says
Share to Twitter Share to Linkedin Teradyne (NYSE: TER) , a company that develops automatic test equipment focused on the semiconductor, industrial automation, and wireless industries, gained about 5% over the last week and by about 4% over the last month, compared to the S&P 500 which remained roughly flat. Teradyne stock also remains up by a solid 45% over the last quarter. There are a couple of factors likely driving the recent rally. Firstly, demand for the company’s products and services is rising following the Covid-19 lockdowns. For instance, the semiconductor testing business is seeing higher traction driven by demand for mobile applications processors and RF chips, while the industrial automation business also sees rising sales of its robotics products as the capex cycle across industries picks up. Over Q3 2021, the company posted a stronger than expected set of earnings with revenue rising 15% versus last year and adjusted EPS growing 35%. … [Read more...] about Despite Recent Rally, Teradyne Stock Is Still Worth A Look
Share to Twitter Share to Linkedin Our theme of Apple Component Supplier Stocks – which includes a diverse set of companies that supply components for Apple’s iPhones and other iDevices, has remained roughly flat year-to-date in 2022, compared to the broader S&P 500 which remains down by about -4%. Over 2021, the theme gained about 17%, underperforming the broader market which gained about 27% over the same period. So what does 2022 hold for Apple supplier stocks? While high-growth technology stocks, in general, have seen some weakness, due to rising bond yields and the Federal Reserves’ hawkish stance, Apple supplier stocks could benefit from the fact that they trade at relatively lower multiples versus other tech stocks (P/S of about 4.7x). Moreover, the semiconductor shortage, which hurt the broader consumer electronics industry, could also ease a bit this year, potentially helping these stocks. That being said, demand for these companies is heavily … [Read more...] about Will Lower Multiple Tech Stocks Do Better In 2022?
Hot Stocks for Wednesday Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Santosh Meena, Head of Research at Swastika Investmart The Indian equity market witnessed a sharp profit-booking in Tuesday's trading session after a one-way vertical rally. The weakness can be attributed to selling in the global markets after the US 10-year bond yield moved above the 1.80 mark during the day. FIIs have been net sellers for the last four trading sessions, while a sharp selling in the last hour of trade indicates that we may have another day of selling by FIIs. Technically, 18,300-18,350 is a minor resistance zone where the Nifty witnessed a Bearish Engulfing candlestick pattern that may lead to further weakness. Tuesday's low of 18,085 is at 9-DMA (daily moving average); below this, 17,950-17,800 will be the next important support … [Read more...] about Hot Stocks | Shriram Properties, Kalpataru Power, Gujarat Ambuja Exports can give you double-digit returns in short term
Share to Twitter Share to Linkedin Topline Battered by a steep broad-market selloff this week, Moderna shares fell for a sixth-straight day Friday as experts questioned whether Covid-19 vaccine sales alone will help justify the firm's meteoric valuation, intensifying a crash that's wiped out more than 60% of the value in one of last year's top stocks and turned it into this year's worst performer. Key Facts Moderna stock fell as much as 5% in early trading Friday to an eight-month low of $160, pushing shares down more than 20% over the past week amid growing research suggesting Moderna's Covid-19 booster, while very effective against previous strains, has been less effective against the rapidly spreading omicron variant. Speaking to Yahoo! Finance on Thursday, Jefferies analyst Michael Yee said the "overly high expectations" set last year, as Moderna's Covid-19 vaccine became widely available to the public, will "lead to challenges... as people … [Read more...] about Moderna Stock Crash Intensifies: Losses Top $130 Billion After Scientists Find Covid Boosters Aren’t Halting Omicron Infections
Share to Twitter Share to Linkedin Johnson & Johnson stock (NYSE: JNJ) is scheduled to report its Q4 2021 results on Tuesday, January 25. We expect J&J to report revenues and earnings above the consensus estimates. The pharmaceuticals sales will likely be driven by continued market share gains for its cancer drugs, Imbruvica and Darzalex, and immunology drugs, Stelara and Tremfya. However, the company is unlikely to see any meaningful contribution from its Covid-19 vaccine. The Medical Devices business is likely to see higher sales growth with a rise in total procedures volume, though the rise in Covid-19 cases due to the spread of Omicron since December may have impacted the overall segment revenue growth. Not only do we believe J&J will post Q4 results slightly above the street expectations, we find JNJ stock to be attractive at the current levels, and it is likely to rise post Q4 results. Our forecast indicates that J&J’s valuation is … [Read more...] about Will Johnson & Johnson Stock Rise After Q4 Results?
Share to Twitter Share to Linkedin Topline Shares of Peloton—which surged during the pandemic as house-bound consumers grasped for ways to stay healthy—plunged over 20% on Thursday after reports that the company will temporarily halt production of its at-home fitness products as it looks to cut costs amid a “significant reduction” in consumer demand. Key Facts Peloton will temporarily stop making at-home fitness products, including its Bikes and treadmills, CNBC first reported on Thursday. The news caused Peloton shares to plunge as much as 24%—with trading temporarily halted—before the stock pared back losses somewhat, down 22% as of 3:00 p.m. EST. The company will halt Bike production for two months—from February to March—and will also suspend production of its treadmills for six weeks starting in February, according to internal documents reviewed by CNBC. The company reportedly said that demand for its at-home fitness equipment has … [Read more...] about Peloton—Pandemic Stock Darling—Reportedly Halts Production Of Fitness Products, Shares Plunge Over 20%
Share to Twitter Share to Linkedin Wheaton Precious Metals stock (NYSE: WPM) is up more than 6% in just the last one week, outperforming the S&P 500 which was down almost 4% during this time. If you look at the change over the last ten days and one month, WPM stock is up (1.3% and 2.6%, respectively) and has outperformed the broader market on both the occasions. The rise in WPM stock was driven by the announcement of WPM entering in a metal purchase agreement with Alliance Metals International, a subsidiary of Adventus Mining Corporation. Per this agreement, Wheaton Precious Metals International will acquire gold and silver streams from Adventus Mining’s Curipamba Project based in Ecuador. Curipamba is expected to be a high-quality, low-cost copper-gold mine with a 10-year mine life. This will further strengthen WPM’s diversified portfolio of low-cost, high-quality, long-life mines. The company expects that the Curipamba Project has significant exploration … [Read more...] about Wheaton Precious Metals Acquires New Metal Stream – Impact On Stock?
Share to Twitter Share to Linkedin Scientific Games (NASDAQ: SGMS) announced the sale of its Lottery and Sports Betting businesses with an aim to raise $7 billion and de-lever the balance sheet as a part of its strategic plan. The company provides technology-based products and services for iGaming, lottery, and social gaming industries. Despite reporting promising revenue growth numbers in recent years, the company has been incurring losses due to high interest costs. So is SGMS stock likely to gain more in the coming weeks and months or is a decline more likely? Per the Trefis machine learning engine which analyzes historical stock price movements, SGMS stock has a 57% chance of a rise over the next month (21 trading days). See our analysis Scientific Games Stock Chance of Rise for more details. ( related: Will Tides Turn For Las Vegas Sands Stock? ) Five Days: SGMS -3.6%, vs. S&P 500 -0.3%; Under performed market (26% event probability) … [Read more...] about Should Investors Remain Optimistic On Scientific Games Stock?