Netflix Earnings, Video Games and FAANG: 3 Things to Watch Into Happy Hour

Why hello there.

Today I’m keeping 3 things short because it’s a slower news day and I think Netflix has two parts.

Anyway, let’s dive right in.

And in case you missed it, we talked about pot stocks, Cathie Wood, and the banks in yesterday’s column. Catch it here.

First of all, FAANG

It’s Thursday and that means it’s my real money running day!

This week I’ve focused on one of the most common questions I’m asked: Why aren’t these younger investors investing in stocks like Facebook? (FB) – Get the report, Apple (AAPL) – Get the report, Alphabet (Google,) – Get the report and Netflix (NFLX) – Get the report?

I am not going to spoil my column or rewrite my thoughts here.

What I’m saying is that there are a handful of reasons why we don’t see the swing train pulling into the FAANG station.

One of those reasons is that some Reddit investors want to focus on faster trades that make a nice profit.

However, that doesn’t mean there aren’t any Reddit investors in FAANG names to hold on to or just make a profit.

I’ve said it before and I’ll say it again, every single trader or investor has their own thought process when it comes to stocks, whether it’s GameStop, AMC, Apple or Netflix.

Reddit investors are not a group with a single mindset (insert the clap emoji here).

Anyway, I’m talking about one particular FAANG that caught the attention of some Reddit people and you can read more here.

I’ve reached out to my Twitter followers and I will reach out to anyone who reads this too.

For next week’s column, I’d like to speak to anyone who either started investing during the pandemic or has been on Reddit for some time should reach out to me on either Twitter, Instagram, or katherine.ross@maven.io.

Focusing on a FAANG in particular …

And that’s Netflix.

We’ll have your earnings next week on Tuesday, July 20th, after the bell.

I want to focus on two aspects of this stock …

Next week I’d like to sit down with colleague Stephen Guilfoyle to discuss Netflix’s earnings report.

And he went to Real Money to talk about his trading before the earnings, so here’s a sneak peek of his thoughts.

“Thirty-four sell-side analysts follow Netflix. Earnings per share expectations are $ 3.15, with a range of $ 3.01 to $ 3.27. For the period prior to this, NFLX posted a profit $ 1.59 per share so earnings growth is evident in revenue generation, Wall Street expects $ 7.32 billion, up 20% year over year, and that would be a slowdown and the slowest pace of growth in the world Reminder. In fact, Wall Street sees sales growth of less than 19% for the year and just over 15% for the next year (2022), so Netflix is ​​getting aggressive, “wrote Guilfoyle. “Don’t get me wrong. The company is in no trouble. Netflix last had 208 million subscribers.”

Here’s what I’m looking at

Netflix and video games are in a tree?

We could just see Netflix roll out video games on its platform.

At least that’s what Mike Verdu’s position as vice president of game development suggests.

Verdu was an executive on both Facebook and Electronic Arts EA.

While the news may seem like a no-nonsense burger for now, it’s interesting to get that headline just days before the company’s profits are announced until we get a more definitive plan from Netflix.

If I could ask questions on this conference call, I would definitely learn a little more about our new buddy Mike and his role.

But until we hear anything else, Bloomberg quoted a source saying that the company could offer video games on its streaming platform “within the next year.”

Aside from being a video game nerd, for me this move is a way for Netflix to break away from the pack that has crowded into the very overcrowded streaming pen.

It is also a way for the company, if it can introduce solid deals that consumers will enjoy, to cement their right to the FAANG acronym.

Because I don’t know about you guys are doing, but I’m a little tired of the debate about whether or not Netflix is ​​FAANG worthy.

However, I’ll be honest, this is a debate I’ll be taking up next week with my pals Kevin Curran and Chris Versace in a real money webinar on FAANG. I’ll share more details soon, but keep your eyes peeled.

source https://thedailytradingnews.com/netflix-earnings-video-games-and-faang-3-things-to-watch-into-happy-hour/