Netflix Stock (NASDAQ:NFLX), Trade Ideas

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Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

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	Netflix&#39;s first-quarter earnings exceeded expectations with a revenue of $9.4 billion.
	After rallying 234% from a May 2022 low of $164, Netflix&#39;s stock has shown significant volatility, with investors closely monitoring the $500 support level.




Netflix Shatters Earnings Expectations With Surprising Revenue Reveal And Soaring Subscriber Surge - But What&#39;s Happening With The Stock?

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Netflix hinted that a price hike is coming in the U.S. What could that mean for subscribers?

EXCLUSIVE: Netflix Users Ready To Cancel Memberships If Prices Are Raised

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Netflix Inc

<ul>
<li>Netflix&#39;s first-quarter earnings exceeded expectations with a revenue of $9.4 billion.</li>
<li>After rallying 234% from a May 2022 low of $164, Netflix&#39;s stock has shown significant volatility, with investors closely monitoring the $500 support level.</li>
</ul>
In its first-quarter earnings report, Netflix Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) has surpassed all expectations, revealing a revenue of $9.4 billion and a profit per share of $5.28, decisively outperforming analyst predictions of $4.52 per share.
The company has experienced a surge in subscriber numbers, as an additional 9.3 million paid net subscribers have joined, boosting Netflix&#39;s total global subscribers to a staggering 270 million.
This includes a substantial increase of 2.53 million subscribers from the U.S. and Canada alone. Though this figure is a slight dip from previous quarters, it&#39;s still more than what was expected, highlighting the demand for Netflix&rsquo;s offerings in these regions.
The company&#39;s stock showed unexpected volatility after their earnings report, despite soaring by 31% earlier. It opened nearly 7% lower following the announcement, closing down the day down by 9%.
This drop underscores the stock market&#39;s unpredictable response to even outstanding earnings reports. Since April, the stock has declined by 9% as a correction unfolds.
Investors are now watching to see if it approaches the crucial $500 support level, a significant milestone and 2023&#39;s high point.
<img alt="2024-04-22_18-50-54.jpg" src="https://www.benzinga.com/files/u517520/2024-04-22_18-50-54.jpg" style="height:345px; width:624px" />
Following a remarkable recovery from a May 2022 low of $164, with a 234% rally, Netflix&#39;s stock has demonstrated volatility but continues to trend upwards overall.
After the closing bell on Friday, April 19, the stock closed at $555.04&nbsp;trading down by 9.11%.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Netflix Shatters Earnings Expectations With Surprising Revenue Reveal And Soaring Subscriber Surge - But What's Happening With The Stock?

Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) added 9.33 million net new paid global subscribers in<a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda"> the first quarter.</a>
But an imminent plan price hike could push people away or to cheaper plans, recent data reveals.
What Happened: Benzinga recently polled its readers to ask what they would do if Netflix raises its prices. Here are the results.
"If Netflix raises prices on its streaming plans, what would you do?" Benzinga asked.
<ol style="list-style-type:upper-alpha">
<li>Cancel membership: 55%</li>
<li>Move to ad-supported tier: 10%</li>
<li>Keep subscription if $1 to $3 price increase: 24%</li>
<li>Keep subscription no matter what: 11%</li>
</ol>
More than half of Benzinga readers polled are ready to cancel their membership if monthly costs rise. 
However, a portion of Netflix subscribers will likely keep their plans if the price increase is minimal ($1 to $3) or opt for the ad-supported tier.
Benzinga asked a similar question on X in March. Here are the <a href="https://twitter.com/Benzinga/status/1770891240050941985">results</a>.
"If Netflix increases their price by $5/month, what would you do?"
<ul>
<li>Cancel: 58.3%</li>
<li>Pay It: 20.1% Swear: 11.2%</li>
<li>Cry: 10.4%</li>
</ul>
The poll had similar results of around half of subscribers ready to cancel their Netflix plans if prices rise.
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38339754/netflix-stock-sized-up-by-7-analysts-post-q1-results-pivot-from-a-high-growth-low-p">Netflix Stock Sized Up By 7 Analysts Post Q1 Results: &#8216;Pivot From A High-Growth, Low-Profit Business To A Slow-Growth, High-Profit Business&#8217;</a>
Why It's Important: Consumers <a href="https://www.benzinga.com/general/entertainment/24/03/37871210/us-consumers-pay-average-61-month-for-streaming-services-and-theyre-not-going-to-pay-for-ra">report spending more monthly </a>on streaming plans and many are ready to get rid of platforms.
Netflix last raised prices on its Standard plan in the U.S. in January 2022. A potential price hike was one of the many items analysts and investors were watching for in quarterly results from the company.
The streaming company didn't announce a price hike, but consumers still fear one is coming, which comes as 
Netflix shared in its fourth-quarter shareholder letter that <a href="https://www.benzinga.com/general/entertainment/24/01/36752974/brace-for-more-netflix-price-hikes-in-the-near-future-well-occasionally-ask-our-members-to-">price hikes were likely coming</a> to the U.S.
"As we invest in and improve Netflix, we'll occasionally ask our members to pay a little extra to reflect those improvements, which in turn helps drive the positive flywheel of additional investment to further improve and grow our service," the company said.
Netflix raised the prices of its Basic plan from $9.99 per month to $11.99 and Premium plan from $19.99 to $22.99 in October 2023 for U.S. subscribers.
The popular Standard plan, which is priced at $15.49, has not increased since January 2022 when the plan went from $14 to $15.49.
The streaming market remains competitive. Consumers often subscribe to plans with the largest content libraries and the platforms with the best content. Netflix has traditionally ranked well in both categories of content library and must-see content.
With Netflix having the ad-supported plan available for $6.99 per month, the company could see less people completely leave their streaming ecosystem.
NFLX Price Action: Netflix shares are trading at $549.51 at last check Monday versus a 52-week trading range of $315.62 to $639.00. Shares of the streaming company are up over 70% in the last year.
The study was conducted by Benzinga from April 18, 2024 to April 19, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 217 adults.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38321545/exclusive-streaming-platform-winner-picked-by-benzinga-readers-did-disney-netflix-amazon-pr">EXCLUSIVE: Streaming Platform Winner Picked By Benzinga Readers: Did Disney+, Netflix, Amazon Prime Video Or Max Take Top Honors?</a>

On Friday, April 19th, the U.S. stock markets closed mixed, influenced by a decrease in&nbsp;Netflix&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares, although American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) provided support to the Dow following their respective earnings announcements. Additionally, market mood was affected by skepticism regarding a forthcoming rate cut by the Federal Reserve.
Netflix&#8217;s Q1 earnings, revenue, and subscriber count exceeded forecasts, but it warned of a potential Q2 subscriber dip due to seasonality and issued lower-than-expected revenue guidance,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38330086/netflix-stock-tumbles-analyst-says-streaming-giant-doing-everything-right-but-growth-factor-doesnt-" rel="noreferrer noopener">though its EPS outlook was higher than anticipated</a>.
In economic data,&nbsp;Baker Hughes Inc.&nbsp;reported that the total count of active U.S. oil rigs rose by 5 to 511 this week.
Most S&amp;P 500 sectors ended higher, led by gains in financial, utilities, and energy stocks, while information technology and communication services sectors fell.
The Dow Jones Industrial Average gained 0.56% to close at 37,986.40. The S&amp;P 500 slid 0.88%, ending the day at 4,967.23, while the Nasdaq Composite fell 2.05%, finishing the session at 15,282.01.
Asia Markets Today
<ul>
<li>On Monday, Japan&#8217;s Nikkei 225 index ended the trading day higher by 0.99% at 37,459.50, led by gains in the Mining, Chemical, Petroleum &amp; Plastic and Warehousing sectors.</li>
<li>In Australia, the S&amp;P/ASX 200 gained 1.08% to finish at 7,649.20, led by gains in the Healthcare, Telecoms Services and IT sectors.</li>
<li>India&#8217;s Nifty 50 closed higher by 0.86% at 22,336.40, and the Nifty 500 rose 0.93%, closing at 20,574.85.</li>
<li>China&#8217;s Shanghai Composite slid 0.67% to end the session at 3,044.60, and the Shenzhen CSI 300 fell 0.30%, closing at 3,530.90.</li>
<li>Hong Kong&#8217;s Hang Seng Index gained 1.77%, concluding the day at 16,511.69.</li>
</ul>
Eurozone at 06:15 AM ET
<ul>
<li>The European STOXX 50 index was up 0.47%.</li>
<li>Germany&#8217;s DAX gained 0.66%.</li>
<li>France&#8217;s CAC increased 0.32%.</li>
<li>U.K.&#8217;s FTSE 100 traded higher by 1.46%.</li>
</ul>
Commodities at 06:15 AM ET
Crude Oil WTI was trading lower by 0.67% at $81.67/bbl, and Brent was down 0.63% at $86.75 bbl.
Oil prices dropped on Monday, shifting focus to market fundamentals as Israel and Iran downplayed escalation risks after Israel&#8217;s limited strike on Iran.
Natural Gas was down 0.60% at $1.976.
Gold was trading lower by 1.66% at $2,373.75, Silver declined 3.33% to $27.883, while Copper was up 0.61% at $4.5245.
US Futures at 06:15 AM ET&nbsp; &nbsp; &nbsp; &nbsp;
Dow futures were up 0.48%, S&amp;P 500 futures rose 0.59%, and Nasdaq 100 Futures climbed 0.73%.
Forex at 06:15 AM ET
The U.S. dollar index rose 0.03% to 106.19, the USD/JPY rose 0.07% to 154.74, and the USD/AUD declined 0.38% to 1.5531.
Photo by Pavel Bobrovskiy via Shutterstock

The CNN Money Fear and Greed index showed a further decline in the overall market sentiment, but the index remained in the &#8220;Fear&#8221; zone on Friday.
U.S. stocks closed mixed on Friday, with the S&amp;P 500 falling for a sixth straight session. The index fell over 3% last week to record its worst weekly performance since March 2023. However, the Dow Jones index edged higher by 0.01% for the week.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="427" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/20101853/image-130-1024x427.png" alt="" class="wp-image-301012" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/20101853/image-130-1024x427.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/20101853/image-130-300x125.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/20101853/image-130-768x321.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/20101853/image-130-1536x641.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/20101853/image-130.png 1893w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
On the economic data front, the total number of active U.S. oil rigs climbed by 5 to 511 rigs this week, Baker Hughes Inc. reported.
Shares of Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) fell over 9% during Friday&#8217;s session following first-quarter results. Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares jumped more than 13% to $12.35 following reports suggesting Sony is in talks with Apollo to join a bid for the company.
Most sectors on the S&amp;P 500 closed on a positive note, with financial, utilities, and energy stocks recording the biggest gains on Friday. However, information technology and communication services stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 211 points to 37,986.40 on Friday. The S&amp;P 500 fell 0.88% at 4,967.23, while the Nasdaq Composite dipped 2.05% at 15,282.01 during Friday's session.
Investors are awaiting earnings results from Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>), Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), and Albertsons Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) today.
At a current reading of 31.2, the index remained in the &#8220;Fear&#8221; zone on Friday, versus a prior reading of 33
What Is The CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.

Also Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38333676/over-4m-bet-on-this-industrial-stock-check-out-these-3-penny-stocks-insiders-are-aggress">Over $4M Bet On This Industrial Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying</a>

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Investor Sentiment Edges Lower, S&P 500 Falls For Sixth Straight Day

Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) started as a DVD-by-mail membership service before expanding into the growing streaming market. Over the past 25 years, the company has navigated challenges and remained<a href="https://www.benzinga.com/markets/18/05/11764543/this-day-in-market-history-netflix-goes-public"> ahead of trends.</a>
Here's a look back at its history and how an investment in its initial public offering (IPO) would have fared.
What Happened: Netflix <a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">ended the first quarter </a>of 2024 with 269.60 million paid global subscribers, making the platform one of the largest globally.
Over the years, Netflix has grown its subscriber base through heavy content spending, having high-demand original programming and expanding offerings to include video games and live comedy and sports events.
Netflix was founded in 1997 and launched its website NetFlix.com on April 14, 1998. Originally known as a DVD-by-mail rental service, Netflix found itself in competition with Blockbuster and other physical movie rental chains.
Blockbuster also launched its own DVD-by-mail rental service. A battle between Netflix and Blockbuster raged on for years, before Blockbuster eventually&nbsp;<a href="https://www.benzinga.com/markets/company-news/10/08/445627/bye-bye-blockbuster-video-store-chain-to-file-bankruptcy-next-mont" target="_blank" rel="noreferrer noopener">filed for bankruptcy&nbsp;</a>in 2010 due to its high level of debt.
Back in 2000, Netflix&nbsp;<a href="https://www.benzinga.com/general/entertainment/23/04/31801202/when-netflix-founders-tried-selling-the-company-to-amazon-blockbuster-they-laughed-us-out-o" target="_blank" rel="noreferrer noopener">pitched a deal</a>&nbsp;to be acquired by Blockbuster for $50 million. The pitch came as Netflix was among the companies feeling the effect of the dot-com market crash. Blockbuster executives are said to have laughed Netflix out of the room.
Before they pitched the company to Blockbuster for an acquisition, Netflix took a meeting with Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) back in 1998. 
Amazon founder Jeff Bezos offered $15 million to acquire Netflix, but the company turned the deal down, believing they had more growth ahead.
The co-founders of Netflix who turned down the Amazon deal are likely happy they did, as are any investors who got in on the streaming company early.
Netflix held its IPO on May 29, 2002, offering 5.5 million shares at a price of $15. Shares posted triple-digit returns for investors over the first several years.
At the time of its IPO, Netflix had around 600,00 subscribers for its DVD-by-mail rental service. In April 2023, the company&nbsp;<a href="https://www.benzinga.com/general/entertainment/23/04/31883368/after-25-years-of-incredible-run-netflix-breaks-up-with-dvds-its-not-you-its-streaming" target="_blank" rel="noreferrer noopener">ended its DVD-by-mail service.</a>
Years later, in 2007, Netflix entered the next phase of growth&nbsp;<a href="https://www.benzinga.com/general/education/23/09/34988686/if-you-invested-1-000-in-netflix-stock-when-company-announced-streaming-launch-heres-how-much-y" target="_blank" rel="noreferrer noopener">by offering streaming</a>&nbsp;to subscribers as part of its existing DVD rental by mail service. Eventually, the company would transition to offering streaming and mail packages separately or as bundles.
In 2012, "Lillyhammer" became the first original series to hit the Netflix streaming platform. Over the years, Netflix has released plenty of hit shows like "House of Cards," "Stranger Things," "Bridgerton," &#8220;Squid Game&#8221; and more.
Related Link: <a href="https://www.benzinga.com/general/entertainment/24/03/37540711/jake-paul-vs-mike-tyson-coming-to-netflix-biggest-fight-in-history">Jake Paul Vs. Mike Tyson Coming To Netflix &#8211; &#8216;Biggest Fight In History&#8217;</a>
Investing $1,000 In Netflix Stock:&nbsp;Although investors couldn&#8217;t predict Netflix&#8217;s ascendancy as a streaming juggernaut or Blockbuster&#8217;s eventual bankruptcy, they might have backed Netflix based on their personal experience as customers or their faith in the company&#8217;s innovative vision and consistent growth.
At a price point of $15, an investor could have purchased 66.7 shares at the time of the Netflix IPO. Stock splits in 2004 (2-for-1) and 2015 (7-for-1) would have turned the $1,000 investment into 933.38 shares.
Based on a price of $556.47 for Netflix stock at the time of writing, the $1,000 investment would be worth $519,397.47 today. This represents a return of 51,839.8% for investors.
Netflix shares hit an all-time high of $691.69 on Nov. 17, 2021. The $1,000 investment would have been worth a staggering $645,609.61 at that time.
While past results don't always mean the future will be a success, Netflix remains a market leader in the streaming space and is gaining subscribers with a password-sharing crackdown and ad-supported plan launch.
This article was previously published by Benzinga and has been updated.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38237862/meghan-markle-prince-harry-line-up-new-projects-with-netflix-heres-what-the-shows-are-about">Meghan Markle, Prince Harry Line Up New Projects With Netflix: Here&#8217;s What The Shows Are About</a>
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If You Invested $1,000 In Netflix Stock At Its IPO, Here's How Much You'd Have Today

U.S. stocks are experiencing declines this Friday, on track of ending another week of negative performance. 
The Nasdaq 100 has dropped over 5% this week, potentially marking its most significant decline since late October 2022, while the S&amp;P 500 faces its sixth consecutive day of losses, the longest such streak since September 2022, with concerns over interest rates, corporate earnings, and geopolitical tensions <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38334504/israel-strikes-iranian-air-base-tehran-downplays-attack-as-blinken-calls-for-calm-oil-pric">weighing on investor sentiment.</a>
Industry-wise, semiconductor stocks, tracked by the VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) are down 2.7%, eyeing weekly declines of about 8%, marking the most significant drop since June 2022.
Israel carried out limited retaliation against Iran overnight, targeting a location near an air base facility without causing significant damage.
Yields on shorter-dated U.S. Treasury bonds remain stable at around 5%, maintaining levels seen since mid-November 2023, amid Federal Reserve Chair Jerome Powell&#8216;s staunch opposition to rate cuts.
Gold prices surged to $2,400 per ounce amid escalating tensions in the Middle East, while oil prices stabilized after an initial rise following the Israeli strike.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw a modest increase of over 1%, with the crypto community anticipating the upcoming halving event.
<h3 class="wp-block-heading" id="h-friday-s-performance-in-major-us-indices-etfs">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,001.61</td>
<td>0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,947.93</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>4,984.63</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,127.17</td>
<td>-1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1.30 p.m. EDT </figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.4% to $496.85, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.5%% to $379.83 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tumbled 1.5% to $417.03 according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.6%, followed by the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), up 1.3%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) was the major laggard, down 1.5%. 
<h3 class="wp-block-heading" id="h-friday-s-stock-movers">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) rocketed 13% on rumors that Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>)&nbsp;and Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>)&nbsp;are mulling a joint bid for the company.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) dropped 18% as the company announced its third-quarter earnings date, but it did not provide preliminary estimates.</li>
<li>Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) saw a fall of nearly 9% despite beating Street estimates last quarter. Investors negatively reacted to the company&#8217;s plans to cease providing quarterly disclosures on subscriber growth or average revenue per member starting next year.</li>
<li>Other companies reacting to earnings were American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) up 5.5%, Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) up 5.6%, Huntington Bancshares Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) up 1.5% Regions Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) down 0.7%, Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) flat, and Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), down 1.5%. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was 0.5% lower after the EV-maker recalled thousands of Cybertrucks due to an accelerator pedal problem. </li>
</ul>
Read now: <a href="https://www.benzinga.com/general/macro-notification/24/04/38337484/is-the-us-national-debt-unsustainable-we-cant-have-a-deficit-of-7-of-the-gdp">Is The US National Debt Unsustainable? &#8216;We Can&#8217;t Have A Deficit Of 7% Of The GDP&#8217;</a>
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S&P 500 Nears 6-Day Slide, Nasdaq 100 Faces Worst Week Since Late 2022: What's Driving Markets Friday?

U.S. stocks traded mixed toward the end of trading, with the Dow Jones gaining over 200 points on Friday.
The Dow traded up 0.55% to 37,984.19 while the NASDAQ fell 1.58% to 15,354.63. The S&amp;P 500 also fell, dropping, 0.60% to 4,980.82.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .
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Leading and Lagging Sectors
Utilities shares climbed by 1.4% on Friday.
In trading on Friday, information technology shares fell by 2.1%.
Top Headline The total number of active U.S. oil rigs climbed by 5 to 511 rigs this week, Baker Hughes Inc reported.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Ault Alliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AULT#NYSE">AULT</a>) shares shot up 24% to $0.3001 after the company announced that it received an investment of $44 million to date from Ault &amp; Company under the November 2023 Securities Purchase Agreement.
Shares of Metropolitan Bank Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) got a boost, surging 18% to $39.00 after the company reported better-than-expected first-quarter financial results.
Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares were also up, gaining 13% to $12.35 following reports suggesting Sony is in talks with Apollo to join a bid for the company.
Equities Trading DOWN
Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares dropped 20% to $744.30. The company announced its third-quarter earnings date and did not provide preliminary estimates as it did with the second quarter<a>.</a>
Shares of Netflix, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) were down 8% to $559.93. Netflix reported upbeat earnings and sales results for its first quarter. The company added 9.33 million paid net new subscribers in the first quarter to bring the company to a total of 269.60 million.
O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) was down, falling 6% to $14.56. B of A Securities analyst George Staphos downgraded O-I Glass from Buy to Neutral and lowered the price target from $21 to $16.
Also Check This Out: <a href="https://www.benzinga.com/news/24/04/38332596/meta-platforms-pure-storage-and-2-other-stocks-insiders-are-selling">Meta Platforms, Pure Storage And 2 Other Stocks Insiders Are Selling </a>
Commodities In commodity news, oil traded up 0.6% to $83.22 while gold traded up 0.5% at $2,408.70.
Silver traded up 1.4% to $28.765 on Friday, while copper rose 1.4% to $4.4965.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 declined 0.08%, London's FTSE 100 rose 0.24% while Spain's IBEX 35 Index declined 0.33% The German DAX fell 0.56% French CAC 40 fell 0.01% while Italy's FTSE MIB Index rose 0.12%.
Spain&#8217;s trade gap narrowed to EUR 2.4 billion in February from EUR 2.5 billion in the year-ago month, while Spain&#8217;s consumer confidence indicator climbed to 82.5 in March from 78.5 in February.
Producer prices in Germany fell by 2.9% year-over-year in March compared to a 4.1% decline in the prior month, while retail sales volumes in the UK came in flat for March.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 dipping 2.66%, Hong Kong's Hang Seng Index falling 0.99%, China's Shanghai Composite falling 0.29% and India's S&amp;P BSE Sensex gaining 0.83%.
Foreign direct investment into China declined by 26.1% year-over-year to CNY 301.67 billion in the first quarter. The business confidence indicator in Hong Kong rose to +2 in the second quarter of from +1 in the prior three-month period. The core consumer price index in Japan increased 2.6% year-over-year in March from 2.8% in February.
Economics
The total number of active U.S. oil rigs climbed by 5 to 511 rigs this week, Baker Hughes Inc reported.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38333390/how-to-earn-500-a-month-from-innovative-industrial-properties-stock">How To Earn $500 A Month From Innovative Industrial Properties Stock</a>

Movers

AULT

Crude Oil Moves Higher; Paramount Global Shares Surge

Analysts weighed in on Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) after the company reported first-quarter financial results, and shared how the company fits into the <a href="https://www.benzinga.com/topic/streaming-stocks">streaming platform sector.</a>
The Netflix Analysts: Bank of America analyst Jessica Reif Ehrlich had a Buy rating and raised the price target from $650 to $700.
Wedbush analyst Alicia Reese had an Outperform rating and a price target of $725.
Macquarie analyst Tim Nollen had an Outperform rating and a price target of $685.
Oppenheimer analyst Jason Helfstein had an Outperform rating and a price target of $725.
Needham analyst Laura Martin upgraded Netflix from Hold to Buy and announced a price target of $700.
Goldman Sachs analyst Eric Sheridan had a Neutral rating and a price target of $600.
JPMorgan analyst Doug Anmuth had an Overweight rating and a price target of $650.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">Netflix Q1 Earnings Highlights: Revenue Beat, EPS Beat, 9.33 Million Paid Subs Added, Ad-Tier Plan Update And More</a>
Bank of America on Netflix: The first quarter showed that Netflix is "SUBstantially ahead" of other streaming companies, Ehrlich said.
Ehrlich said Netflix's first-quarter results showed the company still had several key growth drivers, including the ramp of the ad-tier, the continued benefit of password sharing crackdown, a strong 2024 content slate, a strong subscriber base in developing markets and the potential of price increases.
The big item that could be weighing on Netflix shares is the company's decision to stop sharing paid subscriber figures and average revenue per member in 2024.
"While still early, the potential concern is subscriber growth had significantly decelerated in 2022 (prior to the implementation of paid sharing), and this could be a harbinger of decelerating subscriber growth in the future," Ehrlich said.
The analyst said Netflix should continue to outperform going forward.
Wedbush on Netflix: The decision to stop sharing subscriber metrics was the key takeaway for Reese.
"This decision is consistent with our oft-repeated assertion that Netflix would inevitably pivot from a high-growth, low-profit business to a slow-growth, high-profit business," Reese said.
The analyst said Netflix has a "virtually insurmountable lead in the streaming wars."
Reese said other streaming companies might fail when trying to copy the Netflix model.
"Netflix continues to benefit from both its password crackdown and advertising tier expansion. The biggest benefit of the ad tier is that it limits churn."
Reese said Netflix could continue expanding its profitability moving further.
"We think Netflix can meet expectations for EPS to more than double between 2023 and 2026, supporting its premium valuation."
Macquarie on Netflix: The streaming company could have an upside to its average revenue per member, Nollen said in a new note.
"Netflix has plenty of upside to ARM as it builds its ad business and can raise prices selectively," Nollen said.
The analyst said the decision to stop reporting some metrics could be seen as a negative, but he welcomes the decision.
"Recall Apple did this with iPhone units to focus the street toward more important fundamental metrics — with the hope that Netflix will provide more meaningful engagement metrics and more ad-tier related info over time."
Oppenheimer on Netflix: Updates on the paid sharing and ad opportunities were key highlights from Netflix in the quarter for Helfstein.
"We expect increased investor support as Paid Sharing proving longer duration subscriber tailwind through '24, with advertising/price increases in '25," Helfstein said.
The business update on ad-tier subs showed growth of 65% from the fourth quarter. The analyst said Netflix is targeting similar monetization on its ad-free and ad-tier plans over time, which could make ads a monetization headwind.
Needham on Netflix: The global scale of Netflix and potential price increases are two items that led to an upgrade on the stock by Martin.
Martin said Netflix is softening on its "no sports" previous comments with the potential to license sports content that could drive profitable growth.
The decision to not report subscriber numbers comes with the company saying that revenue, operating margins and average consumer time on platform will be key metrics.
"Our Buy on NFLX is based on: revenue growth, driven by a) GenerativeAI will most benefit companies that are tech-first, and NFLX qualifies; b) NFLX has global scale, which maximizes the value of its data; c) price increases; and d) ad revs should accelerate rev growth and expand margins," Martin said.
Goldman Sachs on Netflix: The first quarter results provide a "solid start to 2024," Sheridan said in a new investor note.
"Netflix reported a strong Q1 '24 earnings report driven by better-than-expected subscriber growth and signs of pricing increases beginning to impact revenue per member household in some regions," Sheridan said.
The analyst said product initiatives shared by the company could set up for double-digit revenue growth and margin expansion. The question for investors is how much future growth is already priced in, Sheridan said.
JPMorgan on Netflix: The full-year revenue outlook and removing subscriber metrics in the future weigh on Netflix stock, Anmuth said.
The analyst shared that the subscriber addition of 9.3 million paid subscribers was the highest first-quarter figure since the COVID-19 impacted first quarter of 2020.
Paid sharing has been a key to net subscriber growth and Anmuth believes it could continue in 2024, adding around 11 million net adds for the full year.
"Price increases across international markets are likely to follow later this year, which should alleviate ARM pressures from the lack of price increases, country/geo mix, paid sharing &amp; slow advertising monetization," Anmuth said.
The analyst was encouraged by a 65% quarter-over-quarter increase in ad-tier membership growth.
NFLX Price Action: Netflix shares are down 8.71% to $557.36 on Friday versus a 52-week trading range of $315.62 to $639. Shares of Netflix are up 70% over the last year.
Read Next: <a href="https:/N/www.benzinga.com/trading-ideas/long-ideas/24/04/38336052/understanding-netflix-disney-market-maneuvers-decoding-the-streaming-strategy">Understanding Netflix, Disney Market Maneuvers: Decoding The Streaming Strategy</a>
Photo: Shutterstock

Analyst Color

Earnings

Upgrades

Price Target

Reiteration

Analyst Ratings

Netflix Stock Sized Up By 7 Analysts Post Q1 Results: 'Pivot From A High-Growth, Low-Profit Business To A Slow-Growth, High-Profit Business'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DJT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$35.00</td>
<td>$33.8K</td>
<td>2.3K</td>
<td>11.1K</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$500.00</td>
<td>$82.3K</td>
<td>3.1K</td>
<td>4.7K</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$550.00</td>
<td>$48.6K</td>
<td>1.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PARA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$11.00</td>
<td>$40.5K</td>
<td>5.3K</td>
<td>1.4K</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$115.00</td>
<td>$44.5K</td>
<td>1.0K</td>
<td>881</td>
</tr>
<tr>
<td>SNAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$10.50</td>
<td>$75.0K</td>
<td>4.0K</td>
<td>289</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$471.0K</td>
<td>113</td>
<td>200</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$130.00</td>
<td>$343.4K</td>
<td>4.3K</td>
<td>118</td>
</tr>
<tr>
<td>RBLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/31/24</td>
<td>$34.00</td>
<td>$37.1K</td>
<td>0</td>
<td>94</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For DJT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), we notice a put option trade that happens to be neutral, is expiring today. Parties traded 353 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $96.0 per contract. There were 2376 open contracts at this strike prior to today, and today 11196 contract(s) were bought and sold. 
• Regarding META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on April 26, 2024. Parties traded 54 contract(s) at a $500.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $82.3K, with a price of $1525.0 per contract. There were 3158 open contracts at this strike prior to today, and today 4755 contract(s) were bought and sold. 
• For NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we notice a put option sweep that happens to be bearish, expiring in 28 day(s) on May 17, 2024. This event was a transfer of 31 contract(s) at a $550.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $1570.0 per contract. There were 1096 open contracts at this strike prior to today, and today 2008 contract(s) were bought and sold. 
• Regarding PARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), we observe a put option trade with bearish sentiment. It expires in 28 day(s) on May 17, 2024. Parties traded 750 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $40.5K, with a price of $54.0 per contract. There were 5358 open contracts at this strike prior to today, and today 1494 contract(s) were bought and sold. 
• Regarding DIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), we observe a put option sweep with bullish sentiment. It expires in 91 day(s) on July 19, 2024. Parties traded 63 contract(s) at a $115.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $44.5K, with a price of $707.0 per contract. There were 1047 open contracts at this strike prior to today, and today 881 contract(s) were bought and sold. 
• For SNAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on April 26, 2024. This event was a transfer of 500 contract(s) at a $10.50 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $75.0K, with a price of $150.0 per contract. There were 4096 open contracts at this strike prior to today, and today 289 contract(s) were bought and sold. 
• Regarding ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we observe a call option sweep with bullish sentiment. It expires in 637 day(s) on January 16, 2026. Parties traded 200 contract(s) at a $50.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $471.0K, with a price of $2360.0 per contract. There were 113 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• Regarding GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we observe a call option sweep with bullish sentiment. It expires in 273 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $130.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $343.4K, with a price of $3435.0 per contract. There were 4397 open contracts at this strike prior to today, and today 118 contract(s) were bought and sold. 
• Regarding RBLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), we observe a call option trade with bullish sentiment. It expires in 42 day(s) on May 31, 2024. Parties traded 94 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $37.1K, with a price of $395.0 per contract. There were 0 open contracts at this strike prior to today, and today 94 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

GOOGL

RBLX

ROKU

SNAP

9 Communication Services Stocks With Whale Alerts In Today's Session

Shares of Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) fell sharply <a href="https://www.benzinga.com/quote/SMCI/earnings">during Friday's session</a>.
The company announced its third-quarter earnings date and did not provide preliminary estimates as it did with the second quarter.
Super Micro Computer shares dipped 13.2% to $806.00 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Next.e.GO N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGOX#NASDAQ">EGOX</a>) shares jumped 129% to $0.0817.</li>
<li>Redwoods Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RWOD#NASDAQ">RWOD</a>) shares rose 62.5% to $12.03 after falling around 3% on Thursday.</li>
<li>Zhongchao Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) gained 50% to $2.16 after gaining over 7% on Thursday.</li>
<li>Ault Alliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AULT#NYSE">AULT</a>) surged 46% to $0.3544 after the company announced that it received an investment of $44 million to date from Ault &amp; Company under the November 2023 Securities Purchase Agreement.</li>
<li>Nova LifeStyle, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVFY#NASDAQ">NVFY</a>) rose 31% to $2.77.</li>
<li>AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) gained 24.3% to $0.0817 on continued upward momentum after the company announced it entered into a definitive merger agreement with Triller.</li>
<li>Brenmiller Energy Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNRG#NASDAQ">BNRG</a>) surged 21.4% to $2.50.</li>
<li>WiSA Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) rose 21.2% to $7.14.</li>
<li>Mobile-health Network Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDR#NASDAQ">MNDR</a>) climbed 20.2% to $24.53.</li>
<li>Marti Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRT#NYSE">MRT</a>) surged 19% to $1.8450.</li>
<li>Metropolitan Bank Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) gained 19% to $39.40 after the company reported better-than-expected first-quarter financial results.</li>
<li>Top Wealth Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) gained 19% to $2.21. Top Wealth Group successfully closed IPO, raising $8 million.</li>
<li>Next Technology Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) jumped 17.2% to $6.13.</li>
<li>Trio Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPET#NYSE">TPET</a>) gained 16.4% to $0.3817. The company on Wednesday announced it entered into a securities purchase agreement with an institutional investor in the amount of $360,000.</li>
<li>SuperCom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>) gained 16.3% to $0.2792. SuperCom shares fell around 33% on Thursday after the company priced a $2.9 million registered direct offering.</li>
<li>Chromocell Therapeutics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRO#NASDAQ">CHRO</a>) rose 15.9% to $1.42.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) rose 12.2% to $4.03.</li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares gained 9.7% to $12.03 following reports suggesting Sony is in talks with Apollo to join a bid for the company.</li>
<li>Tellurian Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NYSE">TELL</a>) rose 7.8% to $0.4172.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) gained 4.8% to $3.0589. Wedbush, on Thursday, slashed its price target on the stock to $4 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Sunshine Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) shares fell 37.1% to $2.09. Sunshine Biopharma&#8217;s Nora Pharma received Health Canada approval for Niopeg.</li>
<li>iSpecimen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>) fell 27.3% to $0.3050 after gaining around 98% on Thursday.</li>
<li>BioNexus Gene Lab Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) fell 23.4% to $0.65 after jumping around 29% on Thursday. BioNexus Gene Lab agreed to invest RM 1.2 million in Ascension Innovation (AISB) to advance digital health innovation through AI adoption in healthcare.</li>
<li>Golden Sun Health Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) dipped 21.4% to $3.85.</li>
<li>Connexa Sports Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) fell 20% to $1.67.</li>
<li>Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) fell 20% to $0.6401 after surging 65% on Thursday.</li>
<li>Bit Origin Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) fell 19.1% to $2.41.</li>
<li>Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) dipped 17% to $0.8019.</li>
<li>SeaStar Medical Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICU#NASDAQ">ICU</a>) fell 16.7% to $0.45. SeaStar Medical recently reported worse-than-expected quarterly financial results.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) fell 15.5% to $1.79.</li>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) fell 14.2% to $2.53 after jumping around 32% on Thursday.    </li>
<li>Ocular Therapeutix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) fell 11% to $5.22. HC Wainwright &amp; Co. analyst Yi Chen reiterated Ocular Therapeutix with a Buy and maintained a $16 price target.</li>
<li>Skye Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYE#NASDAQ">SKYE</a>) fell 9.8% to $15.16.</li>
<li>Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) fell 7% to $567.78. Netflix reported upbeat earnings and sales results for its first quarter. The company added 9.33 million paid net new subscribers in the first quarter to bring the company to a total of 269.60 million.</li>
<li>O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) fell 6.4% to $14.41. B of A Securities analyst George Staphos downgraded O-I Glass from Buy to Neutral and lowered the price target from $21 to $16.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) fell 4.4% to $276.45.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/24/04/38334217/netflix-to-rally-around-31-here-are-10-top-analyst-forecasts-for-friday">Netflix To Rally Around 31%? Here Are 10 Top Analyst Forecasts For Friday</a>

AGBA

BGLC

BNRG

BTOG

CHRO

EGOX

GSUN

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

HUMA

ISPC

MNDR

NVFY

Next Technology Holding Inc. - Ordinary Shares

NXTT

OCUL

RWOD

SBFM

SKYE

SPCB

SPCE

SPOT

TELL

TIRX

TPET

TVGN

WISA

Connexa Sports Technologies Inc. - Common Stock

YYAI

ZCMD

Why Super Micro Computer Shares Are Trading Lower By Around 13%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Evercore ISI Group analyst Mark Mahaney maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Outperform and raises the price target from $640 to $650.

Evercore ISI Group Maintains Outperform on Netflix, Raises Price Target to $650

B of A Securities analyst Jessica Reif Ehrlich maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Buy and raises the price target from $650 to $700.

B of A Securities Maintains Buy on Netflix, Raises Price Target to $700

Warner Bros Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) CEO David Zaslav&nbsp;<a target="_blank" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001437107/000143710724000102/wbd-20240419.htm" rel="noreferrer noopener">received&nbsp;</a>$49.7 million as compensation in 2023.
Compensation Soars:&nbsp;Zaslav&#8217;s 2023 pay surged, reaching $49.7 million,&nbsp;marking&nbsp;a substantial increase from the previous year.
This compensation uptick occurred during&nbsp;a period of&nbsp;heightened tension within the entertainment sector, with actors and writers advocating for better pay while Warner Bros. implemented significant workforce reductions, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-19/warner-bros-ceo-earned-49-7-million-in-strike-impacted-year?srnd=homepage-americas&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Despite facing challenges such as strikes and job cuts, Warner Bros.&nbsp;managed to exceed&nbsp;cash flow projections by $1 billion in 2023, primarily due to strategic revenue growth and cost-saving measures.
However, Zaslav&#8217;s compensation did not directly incorporate this overperformance. Consequently, while the company&#8217;s stock soared by 20% during the year, it faced a setback in the latest quarter, resulting in an all-time low.
Zaslav&#8217;s compensation, though significantly lower than his 2021 earnings at Discovery Inc., aligns with industry standards for top media executives.
The report further noted that his 2023 earnings are comparable to those of other prominent figures like&nbsp;Netflix Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) co-CEOs, Ted Sarandos and Greg Peters, who received $49.8 million and $40.1 million, respectively.
Meanwhile, executives like Bob Iger of&nbsp;Walt Disney Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Bob Bakish of&nbsp;Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) earned $31.6 million and $31.3 million in 2023, showcasing varied financial performances across entertainment conglomerates.
Price Action: WBD shares are trading higher by 1.02% at $8.395 on the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Media

Warner Bros. Discovery CEO's Pay Soars in 2023 Amid Industry Challenges

BMO Capital analyst Brian Pitz maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Buy and raises the price target from $650 to $700.

BMO Capital Maintains Buy on Netflix, Raises Price Target to $700

<h3>An Almost Perfectly-Timed Post&nbsp;</h3>
On Wednesday, we wrote about&nbsp;<a href="https://www.zerohedge.com/news/2024-04-17/israel-bombs-iran-trade">the Israel-Bombs-Iran Trade</a>, and the next day Israel bombed Iran.&nbsp;
<blockquote>The Israel-Bombs-Iran Trade This one worked after October 7th. It could work again. <a href="https://twitter.com/search?q=%24UAL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UAL</a><a href="https://t.co/3HKAIksaff">https://t.co/3HKAIksaff</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1780674338905014640?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
&nbsp;
The only problem is the Israeli strike we anticipated was one that would further escalate tensions between the two countries, but this one&nbsp;<a href="https://www.zerohedge.com/markets/futures-tumble-oil-and-gold-soar-reports-huge-explosions-central-iran-israeli-airstrikes">seems to have been calibrated</a>&nbsp;to not do that. Rather than immediately responding with its own missile attack, Iran responded with memes downplaying the effects of Israel&#39;s strikes.&nbsp;
&nbsp;
<blockquote>�� Iran quickly responds with a meme retaliation! <a href="https://t.co/NkT83YThiA">pic.twitter.com/NkT83YThiA</a>
&mdash; Lord Bebo (@MyLordBebo) <a href="https://twitter.com/MyLordBebo/status/1781211260547125497?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
&nbsp;
As a consequence, it doesn&#39;t look like we&#39;re going to get a big market move down in response this time. However...
<h3>Iran And Israel Are Launching Missiles At Each Other</h3>
Read that aga. Iran and Israel are launching missiles at each other. We&#39;re so quick to downplay events today, we forget out extraordinary this is, and how extraordinarily risky it is. So far, it hasn&#39;t set off an escalatory spiral, but it&#39;s easy to see how it could. Maybe anti-aircraft fire disables a missile or a drone headed for empty desert and it hits an apartment building instead. Footage of hundreds of dead civilians forces Israel or Iran&#39;s government to&nbsp;<a href="https://en.wikipedia.org/wiki/Fire_for_effect">fire for effect</a>&nbsp;next time, and we&#39;re off to the races. So let&#39;s game plan now what to do if that happens.&nbsp;
<h3>Have A Shopping List Ready&nbsp;</h3>
<div>There are two ways to approach this: you can have specific investments in mind that you plan to buy in the event of a war-related market crash, or you can have a ready-made screen or other source of ideas to identify them. If recent events are any guide, crypto will likely fall in the event of a real Israel-Iran war, so that&#39;s one possibility. Airlines are another, as in the case of United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) we mentioned in your previous post. You want an airline with strong fundamentals--ideally one that just beat on earnings--so you can take advantage of a temporary war headwind knocking its share price down. In our case, we will have two sources of ideas to draw on if Israel-Iran turns into a real war:&nbsp;</div>
<h4>Our Weekly Top Names</h4>
Each week, we post the top ten names generated by&nbsp;<a href="https://portfolioarmor.com/">the Portfolio Armor web app</a>&nbsp;on our trading Substack. Those are the names our system estimates will have the highest potential returns over the next six months.&nbsp;
<a href="https://portfolioarmor.substack.com/p/top-names-4182024"><img alt="" src="https://www.benzinga.com/files/u69610/top_names_4.18.jpg" style="height:639px; width:624px" /></a>
Click on the image above to view that post.
Our core strategy is to buy equal dollar amounts of the&nbsp;Portfolio Armor web app&rsquo;s top ten names, put trailing stops of 10%-20% on them, and replace them with names from the current week&rsquo;s top ten when we get stopped out of a position. We got stopped out of two positions this week:
<ul>
<li>CleanSpark, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>). Bought at $15.14 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-3142024/comment/52005861" rel="noopener noreferrer nofollow" target="_blank">3/19/2024</a>; stopped out at $13.75 on<a href="https://portfolioarmor.substack.com/p/top-names-2292024/comment/51666596" rel="" target="_blank">&nbsp;</a><a href="https://portfolioarmor.substack.com/p/top-names-3142024/comment/54125180" rel="noopener noreferrer nofollow" target="_blank">4/16/2024</a>.&nbsp;Loss: 9.2%.</li>
<li>Netflix, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>). Bought at $230 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-2232023/comment/54278184" rel="noopener noreferrer nofollow" target="_blank">2/24/2023</a>; stopped out at $825.06 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-2232023/comment/54278290" rel="noopener noreferrer nofollow" target="_blank">4/18/2024</a>.&nbsp;Profit: 259%.</li>
</ul>
And we&#39;ve got a list of ten we can pick from to replace them. If Mideast war fears make those ten names cheaper when we&#39;re ready to buy, all the better.&nbsp;
<h3>Our Bargain Screen</h3>
The specifics of this screen are probably less important than its strictness--you want this screen to pick up solid long-term holds and rare prices. Our&nbsp;<a href="https://www.chartmill.com/stock/stock-screener?f=mc_snan,p_pg2,rsi14_b_30,sl_he_8_X,sl_pio_8_X,sl_dvd_8_X,sl_dy_4_X,exch_us&amp;a=221937">Chartmill&nbsp;</a>bargain screen is so strict that currently no stocks show up on it.&nbsp;
<img alt="" src="https://www.benzinga.com/files/u69610/bargain_screen.jpg" style="height:200px; width:624px" />
But if Israel or Iran strike each other for real next time, there will likely be some bargains popping up on this screen for us to buy.&nbsp;
If you want to stay in touch.
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#39;re using that for our occasional emails now).
<iframe frameborder="0" height="320" src="https://portfolioarmor.substack.com/embed" width="480"></iframe>
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

CLSK

Israel Strikes Back (Kind Of)--Time To Revisit Our Israel-Bombs-Iran Trade After Israel's Performative Air Strikes On Iran

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling over 150 points on Friday.
The Dow traded up 0.43% to 37,938.78 while the NASDAQ fell 1.20% to 15,414.32. The S&amp;P 500 also fell, dropping, 0.43% to 4,989.44&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .
Check This Out: <a href="https://www.benzinga.com/24/04/38333549/jim-cramer-is-willing-to-let-this-pharma-stock-catch-fire-advises-not-to-sell-mckesson">Jim Cramer Is &#8216;Willing To Let This Pharma Stock Catch Fire,&#8217; Advises Not To Sell McKesson</a>
Leading and Lagging Sectors Energy shares climbed by 1.5% on Friday.
In trading on Friday, communication services shares fell by1.2%.
Top Headline 
Procter &amp; Gamble Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) fell around 8% during Friday's session following first-quarter results.
Procter &amp; Gamble reported third-quarter FY24 sales growth of 1% year-on-year to $20.195 billion, missing the analyst consensus estimate of $20.408 billion. Adjusted EPS of $1.52 beat the consensus estimate of $1.41.
P&amp;G maintained its guidance range for FY24 organic sales growth of 4%-5% and all-in sales growth of 2%-4%. P&amp;G raised its FY24 EPS growth outlook from -1% to inline to a range of 1% to 2% versus FY23 EPS of $5.90.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Ault Alliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AULT#NYSE">AULT</a>) shares shot up 25% to $0.3036 after the company announced that it received an investment of $44 million to date from Ault &amp; Company under the November 2023 Securities Purchase Agreement.
Shares of Metropolitan Bank Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) got a boost, surging 17% to $38.69 after the company reported better-than-expected first-quarter financial results.
Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares were also up, gaining 10% to $12.03 following reports suggesting Sony is in talks with Apollo to join a bid for the company.
Equities Trading DOWN
Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares dropped 13% to $803.96. The company announced its third-quarter earnings date and did not provide preliminary estimates as it did with the second quarter.
Shares of Netflix, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) were down 7% to $568.27. Netflix reported upbeat earnings and sales results for its first quarter. The company added 9.33 million paid net new subscribers in the first quarter to bring the company to a total of 269.60 million.
O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) was down, falling 6% to $14.51. B of A Securities analyst George Staphos downgraded O-I Glass from Buy to Neutral and lowered the price target from $21 to $16.
Also Check This Out: M<a href="https://www.benzinga.com/news/24/04/38332596/meta-platforms-pure-storage-and-2-other-stocks-insiders-are-selling">eta Platforms, Pure Storage And 2 Other Stocks Insiders Are Selling</a>
Commodities In commodity news, oil traded up 0.5% to $83.15 while gold traded up 0.1% at $2,401.40.
Silver traded up 0.4% to $28.49 on Friday, while copper rose 1.3% to $4.4940.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 declined 0.13%, London's FTSE 100 rose 0.01% while Spain's IBEX 35 Index declined 0.34% The German DAX fell 0.57% French CAC 40 rose 0.06% while Italy's FTSE MIB Index rose 0.04%.
Spain&#8217;s trade gap narrowed to EUR 2.4 billion in February from EUR 2.5 billion in the year-ago month, while Spain&#8217;s consumer confidence indicator climbed to 82.5 in March from 78.5 in February.
Producer prices in Germany fell by 2.9% year-over-year in March compared to a 4.1% decline in the prior month, while retail sales volumes in the UK came in flat for March.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 dipping 2.66%, Hong Kong's Hang Seng Index falling 0.99%, China's Shanghai Composite falling 0.29% and India's S&amp;P BSE Sensex gaining 0.83%.
Foreign direct investment into China declined by 26.1% year-over-year to CNY 301.67 billion in the first quarter. The business confidence indicator in Hong Kong rose to +2 in the second quarter of from +1 in the prior three-month period. The core consumer price index in Japan increased 2.6% year-over-year in March from 2.8% in February.
Economics
The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38333390/how-to-earn-500-a-month-from-innovative-industrial-properties-stock">How To Earn $500 A Month From Innovative Industrial Properties Stock</a>

Nasdaq Down Over 1%; Procter & Gamble Raises Profit Forecast

With its first quarter results, Netflix Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) blew past estimates on all fronts. While waiting for its streaming rivals to catch up, like the legacy entertainment giant,&nbsp;Walt Disney&nbsp;Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>), Netflix eclipsed them.
An impressive fiscal first quarter.
For the quarter ended on March 31st, Netflix posted revenue of&nbsp;$9.37 billion, surpassing LSEG&rsquo;s estimate of&nbsp;$9.28 billion&nbsp;as revenue rose almost 16% YoY. Net income significantly jumped from&nbsp;last year&rsquo;s comparable quarter when it amounted to&nbsp;$1.30 billion, or $2.88 per share&nbsp;to&nbsp;$2.33 billion, or $5.28 per share.
Subscribers jumped 16%&nbsp;YoY as Netflix added&nbsp;9.3 million subscribers&nbsp;during the first three months of the fiscal year, fueled by&nbsp;global password-sharing crackdown and&nbsp;the introduction of the ad tier option that is less expensive compared to the standard one.&nbsp;Netflix now has&nbsp;269.6 million&nbsp;subscribers, surpassing Street Account&rsquo;s&nbsp;264.2 millionestimate.
Revenue guidance was slightly below Wall Street&rsquo;s estimates.
Despite an impressively stellar report, Netflix shares fell after the streaming giant released disappointing revenue guidance.&nbsp;During the second quarter, Netflix guided for revenue to grow&nbsp;almost 16% to $9.49 billion,&nbsp;coming in slightly below Visible Alpha&rsquo;s&nbsp;$9.5 billion&nbsp;estimate. Netflix forecasted the income will drop to&nbsp;$2.06 billion,&nbsp;and EPS to&nbsp;$4.68.
As for the full year, Netflix guided for&nbsp;revenue&nbsp;growth between&nbsp;13%&nbsp;and 15%. But, it lifted&nbsp;its full-year operating margin guidance to 25%&nbsp;due to exchange rate movements.&nbsp;
A change in the&nbsp;streaming war dynamics.
As of next year, Netflix will no longer report quarterly subscriber gains, implying that it wants its performance to be judged by mature&nbsp;financial&nbsp;metrics such as revenue,&nbsp;operating margin&nbsp;and free cash flow, along with engagement metrics to assess customer satisfaction. Streaming wars have been largely&nbsp;defined by a race&nbsp;to grow&nbsp;members and Netflix is now changing the rules by choosing to focus more on growing profit. However, it will still announce&nbsp;major subscriber milestones&nbsp;once they are reached.&nbsp;
Its rivals have spent a year in the chase, and no one has quite reached the streaming promised land. With Netflix continuing to grow, it is a moving target that is hard to catch. Disney expects to hit profitability on the streaming front by the end of the year, but Netflix is undoubtedly the winner of streaming wars. Disney has also been following Netflix&rsquo;s lead in an effort to infuse magic into its streaming business, beginning with the password crackdown.
Netflix won.
With its latest report that marked its best start since 2020, Netflix showed its evolutive capacity and positioned itself for continued success in the competitive streaming space, one that it still dominates.&nbsp;Even the Disney CEO Bob Iger admitted that&nbsp;Netflix is &ldquo;the gold standard in streaming&rdquo;, and that it would be great for the world&rsquo;s greatest entertainment company to accomplish what Netflix did on the streaming front.&nbsp;
DISCLAIMER:&nbsp;This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Netflix Once Again Evolved And Eclipsed Its Streaming War Rivals

Oppenheimer analyst Jason Helfstein maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Outperform and maintains $725 price target.

Oppenheimer Maintains Outperform on Netflix, Maintains $725 Price Target

In the fast-paced realm of digital entertainment, the battle for supremacy between streaming giants Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has captured the attention of investors and <a href="https://www.benzinga.com/quote/DIS/news">industry observers alike. </a>
As the media and entertainment market surges towards a projected value of $40.36 billion by 2029 (per Mordor Intelligence <a href="https://www.mordorintelligence.com/industry-reports/media-and-entertainment-market-landscape">data</a>), the competition intensifies, fueled by evolving consumer preferences and technological advancements.
Streaming platforms such as Netflix and Disney have emerged as key players in this landscape, offering consumers unparalleled convenience and a diverse array of content. With a projected compound annual growth rate (CAGR) of 7.8%, the industry is poised for exponential expansion in the coming years.
<h1 class="wp-block-heading" id="h-performance-analysis-contrasting-strategies">Performance Analysis: Contrasting Strategies</h1>
With its impressive subscriber additions, Netflix garnered attention, surpassing expectations with 9.3 million new subscribers in the last quarter alone. The company remains bullish about its growth prospects for fiscal 2024, underpinned by strategic investments in content and advertising.
We covered Netflix Q1 earnings here: <a href="https://www.benzinga.com//node/38324337">Netflix Q1 Earnings Highlights: Revenue Beat, EPS Beat, 9.33 Million Paid Subs Added, Ad-Tier Plan Update And More</a>
In contrast, Disney is navigating a path of cost reduction, aiming to trim expenses by $7.5 billion while striving to turn its streaming business profitable by the year&#8217;s end.
Disney faces formidable challenges across its various divisions. Theme park attendance dwindles, Disney movies struggle at the box office and traditional television viewership declines. Despite the success of Disney+, its streaming platform, hurdles persist, including stagnant subscriber growth and operational inefficiencies.
<h1 class="wp-block-heading" id="h-netflix-commands-a-premium-valuation-over-disney">Netflix Commands A Premium Valuation Over Disney</h1>
Over the past year, Netflix has exhibited remarkable stock price growth, soaring by 82.97%, compared to Disney&#8217;s more modest 11.39% increase. This divergence reflects Netflix&#8217;s market dominance and investor confidence in its long-term prospects. 
Netflix commands a higher forward price-to-earnings (P/E) ratio of 30.44, indicating a premium valuation compared to Disney&#8217;s 21.66.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19083219/pe-chart.png" alt="" class="wp-image-299886" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19083219/pe-chart.png 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19083219/pe-chart-300x208.png 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
Data Source: Yahoo Finance
<h1 class="wp-block-heading" id="h-analyst-sentiment-amp-future-outlook">Analyst Sentiment &amp; Future Outlook</h1>
Both stocks retain a Buy rating, albeit with varying upside potentials. While Netflix faces challenges such as growing competition and subscriber churn, Disney grapples with broader operational issues spanning its theme parks, movie studios, and television networks.
Nonetheless, Disney commands a higher upside by consensus price target.
Analysts remain cautiously optimistic about both companies&#8217; trajectories, highlighting the need for investors to carefully evaluate the risks and opportunities inherent in each stock.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="850" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19083406/consensus-chart.png" alt="" class="wp-image-299888" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19083406/consensus-chart.png 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19083406/consensus-chart-229x300.png 229w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
Data Source: Yahoo Finance
As Netflix and Disney continue their quest for dominance in the streaming arena, investors must weigh the contrasting strategies and challenges faced by each company. 
While Netflix boasts robust financial performance and market momentum, Disney&#8217;s diversified business model and strategic initiatives offer a unique competitive edge.
Read Next: <a href="https://www.benzinga.com//node/38332511">Netflix, ON Semiconductor And Other Big Stocks Moving Lower In Friday&#8217;s Pre-Market Session</a>
Photo: Shutterstock

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Netflix's Selloff Isn't Justified

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
There&rsquo;s plenty out there that could potentially drive a broad market pullback, but there are also plenty of individual stocks due for a pullback. Irrespective how the market performs from here, these types of stocks may be in for considerable declines in price.



Several of the stocks that have thus far this year been top-performers fit into this category. While in some cases, big run-ups have been justified, there are plenty that can be deemed as situations where shares have moved up &ldquo;too far, too fast.&rdquo;



Admittedly, just because investors have gone overboard about a certain stock, doesn&rsquo;t mean the market will soon come to its senses. Just ask the bears who have lost billions betting against Carvana (NYSE:<a href="https://investorplace.com/stock-quotes/cvna-stock-quote/">CVNA</a>).



However, don&rsquo;t assume high-flier resiliency is universal. In the case of the following seven stocks due for a pullback, there are identifiable factors that strongly suggest a reversal lies ahead for each one.



<h2>Cava Group (CAVA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/cava1600-300x169.png" alt='Horizontal, medium closeup of "CAVA" outdoor free standing brand and logo signage on a bright sunny day against a clear blue sky.'><div>Source: Bruce VanLoon / Shutterstock.com</div></div>Cava Group (NYSE:<a href="https://investorplace.com/stock-quotes/cava-stock-quote/">CAVA</a>) <a href="https://www.cnbc.com/2023/06/15/cava-group-ipo-cava-starts-trading-on-the-new-york-stock-exchange.html#:~:text=Cava%20Group%20priced%20its%20IPO,the%20ticker%20symbol%20%E2%80%9CCAVA.%E2%80%9D">bolted higher after its June 2023 IPO</a>, but slid lower throughout the rest of last year. This year, however, it&rsquo;s been a different story. Shares in this Mediterranean restaurant chain have been on a tear.



Since January, CAVA stock is up 43%, making it one of this year&rsquo;s top performing stocks. Chalk up this rally to <a href="https://seekingalpha.com/news/4071993-cava-group-beats-q4-estimates-provides-2024-guidance">beat-and-raise quarterly results</a> and <a href="https://www.marketbeat.com/instant-alerts/nyse-cava-upgrade-2024-04-10/">an analyst upgrade</a>. Yet while the bulls may be betting that Cava is the next big restaurant growth story, this possibility has become overly priced-in.



CAVA now trades for a staggering 257.2 times forward earnings. Yes, this valuation could be sustainable in the short-term, if sentiment holds. However, with short-interest at fairly moderate levels (<a href="https://fintel.io/ss/us/cava">15.7% of float</a>), instead of squeezing higher when the company next reports results sometime next month, shares could move lower on &ldquo;sell the news&rdquo; profit taking.



<h2>Constellation Energy (CEG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1932365063-300x169.png" alt="Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy"><div>Source: Proxima Studio / Shutterstock.com</div></div>Spun off from Exelon (NYSE:<a href="https://investorplace.com/stock-quotes/exc-stock-quote/">EXC</a>) <a href="https://www.exeloncorp.com/newsroom/exelon-completes-separation-of-constellation">in 2022</a>, Constellation Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/ceg-stock-quote/">CEG</a>) is an independent electricity generation company. Over the past year, CEG shares have zoomed 146.9% higher. Year-to-date alone, CEG is up by 57.3%.



A major factor behind the sudden popularity of CEG stock has to do with the company&rsquo;s &ldquo;green wave&rdquo; bona fides. Investors and decision-makers alike have warmed up to the idea of nuclear power&rsquo;s potential to produce clean energy on a massive scale. Constellation has <a href="https://www.barrons.com/articles/constellation-energy-stock-jumps-earnings-c964b604?mod=md_stockoverview_news">significant nuclear capacity</a>, so it could strongly benefit from increased demand for zero-emissions nuclear power. 



Still, while some of Constellation&rsquo;s rally may be justified, it&rsquo;s possible that the market has gone overboard. Shares now trade at a big premium to other &ldquo;green wave&rdquo; utilities stocks, like NextEra Energy (NYSE:<a href="https://investorplace.com/stock-quotes/nee-stock-quote/">NEE</a>). As any subsequent stumble could drive a de-rating, consider CEG one of the top stocks due for a pullback.



<h2>Disney (DIS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/dis-1600-1-300x169.png" alt="Disney logo on a store front. DIS stock."><div>Source: chrisdorney / Shutterstock</div></div>While <a href="https://investorplace.com/2024/03/better-than-amc-3-streaming-stocks-to-buy-for-future-of-entertainment/">I&rsquo;ve recently been bullish</a> about Disney (NYSE:<a href="https://investorplace.com/stock-quotes/dis-stock-quote/">DIS</a>), at the same time I wouldn&rsquo;t rule out the possibility of a pullback for the media conglomerate&rsquo;s shares sometime down the road.



DIS stock has bounced back in a big way over the past four months. Year-to-date, shares are up by nearly 25%. Sentiment has improved in a big way, thanks largely to promising developments, including <a href="https://www.cnbc.com/2024/02/07/disney-dis-earnings-report-q1-2024.html">progress in making the company&rsquo;s streaming segment profitable</a>. Nevertheless, after the latest round of enthusiasm, sentiment could soon lean bearish again.



Why? As Seeking Alpha commentator Value Kicker recently argued, Disney CEO Bob Iger&rsquo;s cost-focused turnaround strategy <a href="https://seekingalpha.com/article/4684332-disney-continued-stagnation-amid-failed-proxy-bid">will only go so far</a>. If the company fails to get back into growth mode, after running out of fat to trim from its cost structure, shares could pull back in a big way. DIS trades at a massive premium to other &ldquo;big media&rdquo; stocks.



<h2>General Electric (GE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ge1600d-300x169.jpg" alt="A large General Electric (GE) sign."><div>Source: testing / Shutterstock.com</div></div>Earlier this month, General Electric (NYSE:<a href="https://investorplace.com/stock-quotes/ge-stock-quote/">GE</a>) c<a href="https://www.reuters.com/markets/us/ge-completes-three-way-split-breaking-off-its-storied-past-2024-04-02/">ompleted its final spin-off</a>. The former industrial conglomerate has now transformed into an aerospace pure play. Investors have been pleased with this transformation.



GE stock has nearly doubled in the past year. Year-to-date, shares are up by more than 50%. However, with this catalyst now played out, GE may now be one of the stocks due for a pullback. Yes, it&rsquo;s not only been the restructuring that has made the market bullish about General Electric.



There is also great optimism about future <a href="https://www.barrons.com/articles/ge-aerospace-honeywell-rtx-transdigm-stock-price-1fb5540a?mod=md_stockoverview_news">aircraft component demand</a>. Still, it&rsquo;s very possible investors are overestimating this potential growth catalyst. Shares today trade for 39 times forward earnings. Possibly now &ldquo;priced for perfection,&rdquo; any sort of earnings hiccup or slip-up may lead to a severe correction for the stock. Even as momentum remains on its side, err on the side of caution, and sell GE now.



<h2>Eli Lilly (LLY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/03/eli-lilly-lly-stock-sign-1600-300x169.jpg" alt="Eli Lilly (LLY) sign on corporate building with blue sky in background"><div>Source: shutterstock.com/Michael Vi</div></div>As you may know, Eli Lilly&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/lly-stock-quote/">LLY</a>) continued hot run has been driven by the pharma firm&rsquo;s recently-launched diabetes and weight-loss drugs, Mounjaro and Zepbound.



Anticipating that off-the-charts demand for these products will keep on moving the needle for the company&rsquo;s profitability and sales, LLY stock has kept on cruising to loftier price levels over the past years. Shares have doubled over the past twelve months, and are up nearly 28% year-to-date.



However, while the initial phase of the rally may have been justified, the market has arguably gone too far. LLY now trades for 60.2 times forward earnings. Even when taking into account the fact that earnings could <a href="https://www.wsj.com/market-data/quotes/LLY">nearly double between now and 2026</a>, the Mounjaro/Zepbound upside is clearly accounted for, and then some. With this in mind, if you already own LLY, take profit now, before it&rsquo;s too late. Otherwise, hold off buying.



<h2>Meta Platforms (META)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/fb-stock-meta-1600-300x169.jpg" alt="META stock logo is shown on a device screen. Meta is the new corporate name of Facebook."><div>Source: Blue Planet Studio / Shutterstock.com</div></div>Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) is another name that I&rsquo;m bullish on, but concede that it may be one of the stocks due for a pullback. Shares in the Facebook and Instagram parent have been on a hot run since 2023, and this winning streak has continued into 2024.



Year-to-date, META stock is up by 41.8%. Yet while the social media giant has impressed the market with its cost-cutting and AI implementation success, as Louis Navellier and the InvestorPlace Research Staff recently argued, the stock <a href="https://investorplace.com/market360/2024/04/meta-platforms-earnings-the-make-or-break-moment-for-meta-stock-investors/">could soon experience a post-earnings correction</a>.



Even if the company manages to beat already-high expectations, too many investors may decide to make the earnings release their time to make an exit. Macro worries could also knock down META in the near-term. That&rsquo;s not to say you need to stay away completely. However, if you&rsquo;ve been thinking about buying META, there&rsquo;s no reason to rush.



<h2>Netflix (NFLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/nflx-stock-1600-7-300x169.jpg" alt="Netflix (NFLX) app open on a phone screen"><div>Source: XanderSt / Shutterstock.com</div></div>As of this writing, a sell-off for Netflix (NASDAQ:<a href="https://investorplace.com/stock-quotes/nflx-stock-quote/">NFLX</a>) may be starting to take shape. That is, following the company release of its latest quarterly results post-market on April 18, NFLX has pulled back. Until now, NFLX, up 25.4% year-to-date, had been trending up.



The video streaming powerhouse beat Wall Street forecasts for the quarter. Subscriber numbers were also solid. Alas, NFLX stock still sold off, as the market focused on the major negative with the earnings release: <a href="https://www.barrons.com/articles/netflix-earnings-stock-price-subscribers-53615f84">the latest updates to guidance</a>. These suggested that the company&rsquo;s rate of growth is coming up short of analyst expectations.



Investors may be willing to price growth stories at high earnings multiples, yet if evidence emerges that this high growth is slowing down, the market typically reacts accordingly. In the case of NFLX, this may mean a continued re-rating to the downside, as investors and analysts walk back expectations.



On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-high-flying-stocks-that-are-majorly-overdue-for-a-pullback/">7 High-Flying Stocks That Are Majorly Overdue for a Pullback</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Netflix: It Should All Pay Off By Early 2025 - Initiating With A Buy

While Paramount's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) plans to merge with Skydance Media proved a little less than popular, the idea that Paramount might instead get pic...

M&A News: Paramount (NASDAQ:PARA) Merger May Mean Bad News for Streamers

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The stock market hasn&rsquo;t had a good start to the second quarter. Major indices like the S&amp;P 500 and the Nasdaq 100 seem determined to give up their year-to-date gains. Macroeconomic concerns are heating up as interest rates will likely stay higher for longer. Inflation is also back and came in <a href="https://www.barrons.com/livecoverage/inflation-march-cpi-data-report-today#">hotter than expected in March</a>.



Investors have to stay firm with their high-conviction picks. Selling and avoiding the market until a recovery takes shape is a bad move. Most investors can benefit from buying and holding solid companies. However, these three stocks aren&rsquo;t looking solid. You may benefit from selling these stocks soon.



<h2>Supermicro (SMCI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/smci1600-1-300x169.png" alt="Person holding smartphone with logo of US company Super Micro Computer Inc. (Supermicro) in front of website. Focus on phone display. Unmodified photo. SMCI stock"><div>Source: T. Schneider / Shutterstock.com</div></div>Supermicro (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>) has become the new face of the AI rally. The stock attracted Wall Street analysts and retail investors alike with a momentum rally of the ages. At its peak, the stock was up by more than 5,000% over the past five years. However, the stock has several <a href="https://www.tipranks.com/news/super-micro-computer-stock-nasdaqsmci-three-long-term-risks">long-term risks</a> that have begun to materialize.



Investors got put on edge after Supermicro <a href="https://www.investors.com/news/technology/smci-stock-supermicro-falls-no-preliminary-results/#:~:text=It's%20A%20Big%20Sell%20Signal.,-Licensing&amp;text=Super%20Micro%20Computer%20(SMCI)%20stock,report%20without%20giving%20preliminary%20results.">did not give preliminary results</a>. It&rsquo;s a big red flag as the company has given preliminary results for several quarters. An excellent<a href="https://ir.supermicro.com/news/news-details/2024/Supermicro-Provides-Second-Quarter-Fiscal-2024-Business-Update/default.aspx"> preliminary report</a> earlier in the year prompted investors to accumulate shares in a level of hype that resembles the EV boom in 2020 and 2021.



It&rsquo;s very concerning that the company opted against hinting at what earnings will look like. Valuation has been a concern since the stock&rsquo;s dramatic run-up to start the year. It&rsquo;s currently trading at a 56 P/E ratio, which seems far too high. Net profit margins also don&rsquo;t have the opportunity to expand meaningfully. If revenue growth decelerates, the stock can be due for a massive drop from current levels.



<h2>Tesla (TSLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/tsla1600-12-300x169.png" alt="Tesla (TSLA) sign on the building on car sales"><div>Source: Vitaliy Karimov / Shutterstock.com</div></div>Tesla&rsquo;s stock (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) lost many fans this year. Analysts on Wall Street are split on this stock and currently rate the stock as a &ldquo;<a href="https://www.tipranks.com/stocks/tsla/forecast">Hold</a>.&rdquo; The stock is down by more than 40% year-to-date and traded in late 2020.



Rising inflation and elevated interest rates will hurt EV manufacturers. Americans are holding onto their cars longer and looking at used vehicles when buying new cars. Manufacturing companies like Tesla need good turnover among U.S. consumers to generate more sales. The current economic climate is making people more cautious.



Tesla also suffers from a higher valuation than most automakers. The stock has a 34 P/E ratio, which is too high for a company primarily selling cars. There&rsquo;s a small tech component, but automobile sales still <a href="https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q4-2023-Update.pdf">make up more than 85% of total sales</a>. The company is selling fewer vehicles and is losing market share in China. The long-term outlook doesn&rsquo;t look good for now.



<h2>Netflix (NFLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/nflx1600-1-300x169.png" alt="Netflix (NFLX) logo displayed on smartphone on top of pile of money."><div>Source: izzuanroslan / Shutterstock.com</div></div>Netflix (NASDAQ:<a href="https://investorplace.com/stock-quotes/nflx-stock-quote/">NFLX</a>) has enjoyed a resurgence. Shares are up by 71% over the past year and have gained 18% year-to-date. Those results include the aftermath of an <a href="https://s22.q4cdn.com/959853165/files/doc_financials/2024/q1/FINAL-Q1-24-Shareholder-Letter.pdf">earnings report</a> that rubbed investors the wrong way.&nbsp;



The earnings report looks good on the surface. Revenue increased by 15% year-over-year, and the company expects to grow by 13%-15% in fiscal 2024. However, the company also announced that it wouldn&rsquo;t report subscriber growth moving forward. Investors didn&rsquo;t like that decision. If the company believed subscriber growth would remain robust in future quarters, Netflix wouldn&rsquo;t be hiding it. Investors should remember that it was only two years ago when Netflix saw significant growth deceleration. Netflix only grew its subscriber base by 4.0% in <a href="https://s22.q4cdn.com/959853165/files/doc_financials/2022/q4/FINAL-Q4-22-Shareholder-Letter.pdf">Q4 2022</a>. The company even reported a net loss of global subscribers in Q1 2022 and Q2 2022.&nbsp;



The company&rsquo;s password-sharing crackdown heavily contributed to growth rates in 2023 and carried over into Q1 2024. The policy took effect in May 2023 and made results from previous quarters easy benchmarks to beat. Netflix has steeper comps and a lofty 46 P/E ratio. Revenue growth will likely decelerate in the second half of 2024 and continue into 2025.&nbsp;



On the date of publication, Marc Guberti did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-stocks-to-sell-asap-as-wall-streets-fear-gauge-flashes-warning-signs/">3 Stocks to Sell ASAP as Wall Street&#8217;s &#8216;Fear Gauge&#8217; Flashes Warning Signs</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reported better-than-anticipated results for the first quarter of 2024. However, shares fell following the earnings report, a...