CNBC's "Fast Money" Fast Money 10/18/23
Oct 18, 2023
The podcast discusses Netflix's impressive performance, Tesla's earnings report, and major profit problems for Morgan Stanley. They also cover news alerts on America's response to the Hamas attacks and the Ukraine war, as well as updates on market performance and investment options.
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Netflix Subscriber Growth
- Netflix added 8.76 million subscribers, exceeding expectations by 3.25 million.
- This success is largely due to a crackdown on password sharing and a growing ad-supported tier.
Netflix Free Cash Flow
- Netflix's free cash flow projection increased to $6.5 billion, contrasting with competitors' combined $8 billion loss.
- This strong performance positions Netflix favorably, especially with potential extended strikes and consistent content spending.
Netflix Dominates Streaming
- Netflix outperforms other streaming services, indicating its dominance in the market.
- Disney's potential bounce on this news might be misguided, pending further market analysis.