Not everyone on Wall Street is on board for the bullish ride Netflix (NFLX) stock has been on in recent months. Shares of the streaming beast are up 18% in the past three months, blowing away the Nasdaq Composite’s 9% drop amid optimism surrounding Netflix’s upcoming ad-tier service. Analyst Doug Anmuth estimated in a new note this week that Netflix could drive 7.5 million subscribers to its ad-supported tier in its US and Canada segment in 2023, which could drive $600 million in advertising… Source link
Read More »Omicron stock market rout doesn’t mean stocks are a screaming buy: strategist
Don’t back up the truck just yet on stocks even in the wake of Friday’s brutal Omicron variant fueled sell-off, warns one long-time strategist. “I just don’t think we hit the level on the S&P 500 where I am willing to say this is a screaming buying opportunity right now,” said iCapital Network chief investment strategist Anastasia Amoroso on Yahoo Finance Live. “We don’t see that from the oversold technical levels and also we have another potentially negative catalyst here which is the… Source link
Read More »3 reasons why airline stocks are screaming buys: analyst
The COVID-19 pandemic continues to wreak havoc on the airline space, but the time to buy is now, argues Morgan Stanley analyst Ravi Shanker. Shanker cites three reasons for his bullish call. First, the sector could see positive news flow into year-end as vaccinations continue for COVID-19 and international travel restrictions are lifted. To that end, the Biden administration said recently it would lift restrictions for fully vaccinated travelers to enter the U.S. starting in… Source link
Read More »‘People are screaming to come back to movies’
Nearly one year after shutting down because of COVID-19, New York City movie theaters are reopened at 25% capacity. The much-anticipated, albeit partial, return of Big Apple cinemas — one of the largest movie markets in the world— comes as coronavirus restrictions ease across the United States. IMAX (IMAX) is one theater chain that’s anxious to reap the benefits of the economic recovery. The company smashed earnings expectations in Q4 — driven by strong box office performances across… Source link
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