Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Netflix, Inc.
  6. News
  7. Summary
    NFLX   US64110L1061

NETFLIX, INC.

(NFLX)
  Report
Delayed Nasdaq  -  04:00 2022-09-23 pm EDT
226.41 USD   -4.49%
09/25NEWS HIGHLIGHTS : Top Company News of the Day
DJ
09/25RESUMO TUDUM : Tudo o que perdeste do nosso evento no Japão →
PU
09/24'The Crown' back in November for season 5 with new queen
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Wall St set to open higher on more signs of cooling inflation

08/11/2022 | 09:13am EDT

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)

* U.S. producer prices fall in July, underlying inflation slows

* Disney tops Netflix on streaming subscribers, shares jump

* Bumble cuts annual rev view as Ukraine war, competition bite

* Futures up: Dow 0.75%, S&P 0.69%, Nasdaq 0.71%

Aug 11 (Reuters) - Wall Street was on Thursday set to extend a rally from the previous session as fresh evidence of cooling inflation further cemented expectations of a smaller increase in interest rates.

Data showed U.S. producer prices unexpectedly fell in July amid a drop in the cost for energy products, bolstering the chance of a 50-basis point hike by the Federal Reserve in September instead of 75 basis points.

The indexes had sharply rallied on Wednesday following a softer-than-expected rise in consumer prices. The gains came even as policymakers left no doubt they will tighten monetary policy until price pressures are fully broken.

"Rates still have to move higher even though in the very short run the market is reacting positively... Inflation is a bit more moderate, but inflation has not disappeared as a problem as yet," said Chuck Lieberman, chief investment officer at Advisors Capital Management.

Traders are now pricing in a more than 67.5% chance that the Fed will hike interest rate by 50 basis points.

Meanwhile, the number of Americans filing new claims for unemployment benefits rose for the second straight week, indicating further softening in the labor market despite tight conditions.

As of the last close, the Nasdaq was more than 20% above its June low, but still short of its peak in November to confirm a new bull market.

Despite its recent rebound, the tech-heavy index is down 17.9% so far this year as fears of an aggressive monetary policy sapped appetite for equities, particularly high-growth stocks.

At 8:42 a.m. ET, Dow e-minis were up 248 points, or 0.75%, S&P 500 e-minis were up 29.25 points, or 0.69%, and Nasdaq 100 e-minis were up 95 points, or 0.71%.

Banks looked set to extend their climb, with Bank of America up 1.9% in premarket trading. Megacap growth and technology stocks that led the overnight rally also advanced.

"People are projecting into the banks that there will be much more lending going forward if the economy does fine and inflation will decline," said Hugh Anderson, managing director at Hightower Advisors.

In earnings-driven news, Bumble Inc dropped 6.7% on cutting its annual revenue forecast, taking a hit from the Ukraine war while also grappling with stiff competition from rivals such as Match Group Inc in the online dating market.

Walt Disney jumped 9.6% as the media giant edged past rival Netflix Inc with 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials.

(Reporting by Bansari Mayur Kamdar and Aniruddha Ghosh in Bengaluru; Editing by Arun Koyyur)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BUMBLE INC. -1.71% 21.23 Delayed Quote.-37.30%
MATCH GROUP, INC. -2.59% 47.3 Delayed Quote.-64.23%
NETFLIX, INC. -4.49% 226.41 Delayed Quote.-62.42%
All news about NETFLIX, INC.
09/25NEWS HIGHLIGHTS : Top Company News of the Day
DJ
09/25RESUMO TUDUM : Tudo o que perdeste do nosso evento no Japão →
PU
09/24'The Crown' back in November for season 5 with new queen
AQ
09/24Oscar winner Louise Fletcher dies at 88- AP
RE
09/23'HELLBOUND' RETURNS : Acclaimed Horror Thriller Expands Its Dystopian Universe →
PU
09/23Netflix dismisses lawsuit against the creators of 'The Unofficial Bridgerton Musical'
RE
09/23Netflix dismisses lawsuit against the creators of 'The Unofficial Bridgerton Musical'
RE
09/23Netflix says it has dismissed its lawsuit against the creators o…
RE
09/23Communications Services Shares Move Lower -- Communications Services Roundup
DJ
09/23WHAT TO STREAM THIS WEEKEND : 'A Jazzman's Blues,' 'Tudum'
AQ
More news
Analyst Recommendations on NETFLIX, INC.
More recommendations
Financials (USD)
Sales 2022 31 689 M - -
Net income 2022 4 623 M - -
Net Debt 2022 8 770 M - -
P/E ratio 2022 22,1x
Yield 2022 -
Capitalization 101 B 101 B -
EV / Sales 2022 3,45x
EV / Sales 2023 3,18x
Nbr of Employees 11 300
Free-Float 98,2%
Chart NETFLIX, INC.
Duration : Period :
Netflix, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NETFLIX, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 42
Last Close Price 226,41 $
Average target price 247,75 $
Spread / Average Target 9,43%
EPS Revisions
Managers and Directors
Wilmot Reed Hastings Chairman, President & Co-Chief Executive Officer
Theodore A. Sarandos Co-CEO, Director & Chief Content Officer
Spencer Adam Neumann Chief Financial Officer
Adriane C. McFetridge Engineering Director
Gregory K. Peters Chief Operating & Product Officer
Sector and Competitors
1st jan.Capi. (M$)
NETFLIX, INC.-62.42%100 686
TENCENT HOLDINGS LIMITED-39.80%330 316
PROSUS N.V.-27.36%71 464
AIRBNB, INC.-38.89%65 069
UBER TECHNOLOGIES, INC.-33.65%55 081
COSTAR GROUP, INC.-11.97%28 288