+ 7.05
+ 2.21%
+ 4.00
+ 1.18%
+ 6.32
+ 1.54%
+ 1.27
+ 0.94%
+ 1.54
+ 0.9%

Why This CNBC Contributor Is Buying Netflix Ahead Of Earnings

April 20, 2021 3:26 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Why This CNBC Contributor Is Buying Netflix Ahead Of Earnings

The success of Netflix Inc (NASDAQ:NFLX) is directly related to the company's original content, Tiffany McGhee of Pivotal Advisors said Tuesday on CNBC's "Fast Money: Halftime Report."

Netflix figured out that when it brings original content production in-house, the company is able to lower its costs, McGhee said. Original content is one of the company's competitive advantages. 

McGhee said she bought more Netflix heading into the earnings report after the close today. 

See Also: Netflix (NFLX) For Less: Earnings Moves And Alternatives To Calls And Puts

Scott Wapner asked McGhee if she was worried about the overwhelming desire among existing Netflix subscribers to leave the house post-pandemic.

Although there was a bump in subscribers during the COVID-19 pandemic, McGhee doesn't believe people will cancel their subscriptions moving forward. People still want to find time to sit down and watch movies and the go-to option is Netflix, McGhee said.

NFLX Price Action: Netflix is up 26.23% over a one-year period. Netflix was down 0.6% to $550.83 at last check Tuesday.

Image by Tumisu from Pixabay 

Related Articles

Oakmark's Win Murray Likes Netflix Stock At Current Levels

Oakmark's Win Murray thinks Netflix Inc (NASDAQ: NFLX) is a good investment at current levels, he shared Monday on CNBC's "Squawk On The Street." read more

Jim Cramer: 'FAANG Owns The Future'

Jim Cramer isn't giving up on FAANG stocks, he said Wednesday night on CNBC's "Mad Money." read more

'Halftime Report' Final Trades: Netflix, Facebook And More

On CNBC's 'Halfitme Report,' the investment committee gave their final trades. Virtus Investment Partners' Joseph Terranova likes Netflix, Inc. (NASDAQ: NFLX) and believes the stock is about to break out. read more

Apple, Tesla, DocuSign And 12 Others In Morgan Stanley's 'Secular Growth Stocks' Lineup For 2021

Morgan Stanley has released its “Secular Growth Stocks” list for 2021, as reported by CNBC on Wednesday. read more