Global equities on Wall Street experienced a mixed session following the Thanksgiving holiday, heading for the most significant one-month rally since November 2020. MSCI's global shares index slightly eased but was still on track for an 8.5% monthly gain, fueled by growing investor confidence that U.S. interest rates...
Will NETFLIX surprise investors?
2023-01-20 • Updated
What will happen?
Netflix, one of the world's leading entertainment services, will present its earnings report for Q4 2022 on January 19, 2023, after the stock market closes (23:00 GMT+2).
How can it affect the stock price?
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
To top it off, the current media buzz about the company lends crucial pointers to even better growth projections. A vital media report published by Polygon three weeks ago describes Netflix's intent to crackdown on password sharing - a move that could potentially increase sign-up rates, among other things.
The stock is trading within a rising channel in an overall uptrend (based on the Moving Averages), meaning we could see the price rise higher toward the $370 mark.
The trend is also bullish on the lower timeframe (H1), with recent higher highs and lows created structurally. As seen in the chart above, there is also a consolidation forming on the H1 timeframe, hence the knife-edge scenario.
My overall expectation is that if the report overperforms the analysts’ expectations the NFLX stock will continue its bullish trend for at least a few more weeks. However, if the company disappoints investors, the price might break the rising channel and drop to $220.
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
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