Guy Adami said on CNBC's "Fast Money" that Netflix, Inc. NFLX isn't going to get hurt by Walt Disney Co's DIS decision to withdraw its content. He explained that the growth engine for Netflix is in its international business, which is intact. Adami believes Netflix is going to come out as a winner from this situation.
Dan Nathan thinks Disney is going to become a major competitor to Netflix. He added that it's going to be a real problem for Netflix if other content providers decide to follow Disney. He explained that Netflix has a negative cash flow and it might have a big problem if competition increases.
Pete Najarian would buy Disney if it drops below $100, because he has faith in CEO Bob Iger.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
