CNBC's "Fast Money" Netflix Reports Results… And China’s Housing Pains 10/17/24
Oct 17, 2024
Rich Greenfield, a media and tech analyst at Lightshed Partners, dives into Netflix's impressive earnings, highlighting significant subscriber growth and the effectiveness of its ad-supported plans. He discusses competition in the streaming arena and the implications for Netflix's stock. Additionally, Greenfield examines China's recent stimulus efforts, revealing why they're failing to alleviate housing market woes, leaving investors disheartened. The conversation also touches on emerging trends in tech investments and market dynamics.
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Netflix Q3 Earnings Beat
- Netflix reported strong Q3 earnings, beating both top and bottom-line estimates.
- The streaming giant also added more subscribers than anticipated, driving share prices up.
Netflix Dominates Streaming
- Netflix's success in streaming contrasts with struggles faced by other companies.
- The company's focus on ad revenue and password sharing contributes to its strong performance.
Trade Netflix Post-Earnings
- Consider selling Netflix stock on the current post-earnings pop.
- Buy the stock at a lower price later, anticipating future price fluctuations.