Netflix's Quiet Confidence: Behind the Curtain of Thursday's Earnings Spotlight
While competitors struggle, Netflix trades near all-time highs with even greater gains planned for the next five years. Here's what you should watch for in Thursday evening's Q1 report.
Media-streaming innovator Netflix (NASDAQ: NFLX) has been swimming against the broader market currents recently. Industry giants such as Walt Disney and Comcast are trading closer to their yearly lows than to 52-week highs. But Netflix is hovering just below a recently notched record price, posting robust gains in the last week, month, and year.
The company is slated to report first-quarter results on Thursday evening. If I knew for sure what Netflix's management would say and how the report will move the stock, I'd be very rich in a hurry. However, I can give you some insight into how Netflix is operating nowadays, and what's likely to happen after the report.
Sound good? OK, here's what I see.
