NETFLIX: end of fiesta

NETFLIX: end of fiesta

What

Netflix stock reached $570 a week ago. That’s the all-time high – challenged again. Failing to step over it, the stock price bounced downwards to eventually come to $523. That means, it erased all October gains and seems likely to dive lower. The most recent episode was losing $10 of value from $533 to $523 yesterday. Why?

NETFLIXM30.png

Why

Expectations were not met. Profits resulted lower than expected, new subscribers are coming slower than expected, everything, in general, proved to be duller than expected. It may be nothing specific to Netflix though: after the crushing experience of the first wave, the companies that were either resilient enough or benefited from the virus showed extraordinary results in Q2 against fearful projections. So investors extrapolated this performance into Q3 expecting similarly outstanding results. Which did not happen. So it is not the objective failure of Netflix to expand its business as much as the disillusionment of the market. That doesn’t mean Netflix has no problems though: it is trying to invent new ways of acquiring customers such as offering a free trial for a week for an entire country. Just as an option. In any case, be careful with this stock: it may go further downwards. Otherwise, there is plenty of room for bulls to take over: a 10% back up to the all-time resistance would be a nice gain.

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area.
  3. Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
  4. Start trading!

                                                                                                    LOG IN

Similar

Latest news

Strong EUR vs weak USD

S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera