Netflix Inc. ($NFLX) Stock Forecast: Down 2.7% Today

What is Netflix Inc.?

A well-known streaming giant, Netflix (NASDAQ: NFLX) has a global presence and is recognized for its original content. The stock experienced a significant downturn today amid market fluctuations.

Why is Netflix Inc. going down?

NFLX stock is down 2.7% on Sep 3, 2024 14:45

• Netflix's approach to the $700 mark potentially sparked profit-taking and selling pressure, contributing to its bearish performance.
• Efforts to enhance dubbed reality shows, though innovative, may not have immediately bolstered investor confidence in driving stock growth.
• Despite an increase in price target by Pivotal Research, external influences and overall market sentiment may have overshadowed this positive development for Netflix.
• The strong showing by Nvidia and investor focus on its earnings report might have diverted attention from Netflix, influencing its stock movement in a negative manner.

NFLX Price Chart

NFLX News

Netflix's Tense Climb Towards The $700 Barrier And A Stunning 44% Year To Date Growth Could Signal A Historic Breakthrough - Netflix ( NASDAQ:NFLX )

Netflix is approaching a major psychological resistance level at $700, a point that has previously influenced investor sentiment and led to significant sell-offs. The stock has seen an impressive historical performance, increasing by over 8000% from 2011 to 2021.

https://www.benzinga.com/trading-ideas/24/09/40688468/netflixs-tense-climb-towards-the-700-barrier-and-a-stunning-44-year-to-date-growth-could-signal-a-h

Netflix Wants To Keep You Hooked By Unleashing The Power Of Dubbed Reality Shows, Uses South Korea As Proving Ground - Netflix ( NASDAQ:NFLX )

To boost the global appeal of its reality TV shows, streaming giant Netflix Inc. NFLX is reportedly offering cultural training to voice actors to improve the quality of dubbing and translations. What Happened: Netflix is using South Korea as a pilot for this initiative.

https://www.benzinga.com/general/entertainment/24/09/40670643/netflix-wants-to-keep-you-hooked-by-unleashing-the-power-of-dubbed-reality-shows-uses-south

Netflix Stock (NASDAQ:NFLX) Gains after Pivotal Research Raises Price Target

Shares of Netflix ($NFLX) closed higher in today’s trading after Pivotal Research, via analyst Jeffrey Wlodarczak, reiterated its Buy rating on the…

https://www.tipranks.com/news/netflix-stock-nasdaqnflx-gains-after-pivotal-research-raises-price-target

Nvidia Beats, but I’m Still Looking Elsewhere

Hello, Reader. Although I know it sounds hard to believe, there was a time when Nvidia Corp. ( NVDA ) wasn’t one of the hottest stocks on Wall Street. When the company went public on January 22, 1999, it opened at $12 and then traded as low as $0.03 in May 1999. In the 24 years since its IPO, though, Nvidia has grown remarkably in popularity and its stock price along with it. In fact, CNBC’s Jim Cramer even named his dog “Nvidia” back in 2017. The hype surrounding Nvidia has turned into such a frenzy that even its second-quarter earnings report was considered a must-watch event. A group of investors in New York organized an earnings “watch party” for Wednesday evening. Somehow, Nvidia’s earnings had turned into Wall Street’s Super Bowl, or its version of the Oscars. So, how did Nvidia do? The chip company’s second-quarter revenue soared 122% year-over-year to a record $30.0 billion, which topped estimates of $25.64 billion. Data center revenue also set a new record, jumping 154% year-over-year to $26.3 billion.

https://investorplace.com/smartmoney/2024/08/nvidia-beats-but-im-still-looking-elsewhere/

Company News for Aug 29, 2024

Companies in The News Are: ...

https://www.zacks.com/stock/news/2328836/company-news-for-aug-29-2024

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Netflix Inc. Price History

03.08.2024 - NFLX Stock was down 2.7%

• Netflix's approach to the $700 mark potentially sparked profit-taking and selling pressure, contributing to its bearish performance.
• Efforts to enhance dubbed reality shows, though innovative, may not have immediately bolstered investor confidence in driving stock growth.
• Despite an increase in price target by Pivotal Research, external influences and overall market sentiment may have overshadowed this positive development for Netflix.
• The strong showing by Nvidia and investor focus on its earnings report might have diverted attention from Netflix, influencing its stock movement in a negative manner.

19.03.2024 - NFLX Stock was down 9.4%

• Netflix's stock witnessed a decline today, despite its impressive first-quarter performance and growth in customer numbers, as the company provided a disappointing revenue forecast for the second quarter.
• Investor worries were compounded by the company's decision to halt the reporting of quarterly subscriber figures, exerting further downward pressure on its stock.
• Although Netflix exceeded predictions, market sentiment turned negative as investors grappled with conflicting signals from the company's recent announcements, resulting in a drop in share prices.

25.00.2024 - NFLX Stock was up 10.7%

• Despite a disappointing earnings print from Tesla, the overall market sentiment remained steady, with a focus on Q4 GDP data and the European Central Bank's rate decision.
• Netflix's strong bullish movement can be attributed to positive quarterly reports and better-than-expected private sector activity data.
• The announcement of the release of the Ranbir Kapoor-starrer "Animal" on Netflix further added to the positive sentiment.
• The overall market sentiment, as indicated by the CNN Money Fear and Greed index, showed increased optimism, with the index moving to the "Extreme Greed" zone.

19.09.2023 - NFLX Stock was up 11.6%

• Netflix experienced a strong bullish movement today, with its shares climbing nearly 14%.
• The company's strong subscriber growth, driven by measures such as cracking down on password sharing and introducing a cheaper, ad-supported platform, contributed to the positive market movement.
• The announcement of a price hike on subscription plans in certain markets, including the US, UK, and France, also likely played a role in the bullish movement, signaling potential revenue growth for the company.
• The better-than-expected Q3 2023 earnings and the completion of a share buyback further boosted investor confidence and contributed to the upward movement of NFLX shares.

19.03.2024 - NFLX Stock was down 8.7%

• Netflix stock experienced a significant bearish movement today, dropping 8.8% to 556.66.
• The bearish trend was triggered by Netflix's soft guidance for the second quarter, with lower-than-expected revenue forecasts.
• Additionally, the decision to stop sharing quarterly subscriber numbers next year added to investor concerns about transparency and future growth prospects.
• The combination of these factors led to a negative market sentiment towards Netflix, resulting in the sharp decline in its stock price.

13.08.2023 - NFLX Stock was down 5.6%

• The bearish movement in NFLX stock today could be attributed to the bearish stance taken by a large investor or institution, as mentioned in an article from Benzinga. This could have created a negative sentiment among other investors, leading to a sell-off.
• The announcement of the production of a new Korean show, Aema, as mentioned in an article from Zacks Commentary, might not have had a significant impact on the stock movement today.
• The upgrade in relative strength rating for Cinemark Holdings, as mentioned in an article from Investors Business Daily, could have diverted some investor attention away from NFLX, contributing to the bearish movement.
• The overall market sentiment towards streaming services, as indicated by the mention of Amazon and Netflix wearing an elite leadership badge in an article from Investors Business Daily, could have influenced the bearish movement in NFLX stock.

19.03.2024 - NFLX Stock was down 8.5%

• Despite reporting strong Q1 earnings, Netflix (NFLX) faced a stock dip today, in line with the overall bearish market sentiment.
• The broader US markets fell for the 6th consecutive day, with the S&P 500 down 0.32%, indicating a general trend of negative investor sentiment.
• The challenging week for the Nasdaq and semiconductor stocks, including mentions of lower retail participation and geopolitical tensions, likely contributed to the bearish movement in Netflix's stock.
• The surge in Warner Bros. Discovery CEO's compensation may have also diverted investor attention away from Netflix, impacting its stock performance negatively.

03.09.2023 - NFLX Stock was up 1.7%

• The bullish movement in NFLX today can be attributed to several factors:
• 1. Disney+ tightening subscription sharing rules: The news of Disney+ clamping down on subscription sharing may have led to increased investor confidence in Netflix's ability to retain its subscriber base and maintain its market dominance.
• 2. Deepening subscriber engagement with merchandise: Netflix's efforts to drive additional revenue through measures aimed at deepening subscriber engagement could have positively influenced investor sentiment, as it indicates the company's proactive approach to staying ahead of growing competition.
• 3. Increase in holdings by Northern Financial Advisors Inc: The increase in holdings of Netflix by Northern Financial Advisors Inc suggests a positive outlook on the stock, which could have contributed to the bullish movement.
• 4. Optimism for Q4 rebound: The overall positive sentiment in the market, with expectations of a Q4 rebound and the avoidance of a government shutdown, may have also played a role in the bullish movement of Netflix's stock.
• Overall, the combination of positive news related to Netflix's market position, subscriber engagement, and investor confidence, along with the optimistic market sentiment, likely contributed to the bullish movement of NFLX today.

19.03.2024 - NFLX Stock was down 8.8%

• The bearish movement in Netflix's stock today can be attributed to several factors:
• Despite beating earnings expectations and experiencing revenue growth due to a significant increase in subscribers, the stock may have been affected by the overall negative sentiment in the tech sector.
• The intense competition in the streaming industry, particularly with rivals like Disney, may have raised concerns among investors about Netflix's ability to maintain its dominance.
• The market's focus on technical factors, such as the Nasdaq testing its 100-day moving average and sideways earnings revisions for tech companies like Netflix, could have contributed to the downward pressure on the stock.
• The general market uncertainty stemming from geopolitical tensions and elevated market positioning may have also played a role in investors' decision-making, leading to the bearish movement in Netflix's stock.

18.09.2023 - NFLX Stock was up 8.5%

• The bullish movement in Netflix's stock today could be attributed to the following factors:
• 1. Positive Q3 Earnings: Netflix is set to report its third-quarter earnings today after market close. If the earnings report exceeds expectations, it could have boosted investor confidence and led to the bullish movement in the stock.
• 2. Focus on Profitability: Recent reports suggest that Netflix has been focusing on improving its profitability rather than solely focusing on subscriber count. This shift in strategy may have positively impacted investor sentiment and contributed to the bullish movement.
• 3. Market Sentiment: Despite geopolitical tensions and weak earnings reports from other companies, the overall market sentiment seems to be positive, with stocks climbing or at least holding their ground. This positive sentiment could have influenced the bullish movement in Netflix's stock.
• 4. Blue-Chip Status: Netflix is considered a blue-chip stock, known for its reliability and value. This status may have attracted investors looking for stable and dependable companies, contributing to the bullish movement.
• Please note that these assessments are based on the provided articles and general market knowledge, and may not capture all factors influencing the market movement.

24.07.2023 - NFLX Stock was down 6.0%

• The bearish movement in Netflix's stock could be attributed to the disappointing outcome of the meeting between studio executives and Writers Guild of America (WGA) leaders, which failed to resolve the ongoing strike in Hollywood. This uncertainty may have raised concerns about the potential impact on Netflix's content production and future growth prospects.
• The joint unveiling of new contract terms by Disney and Netflix, in an attempt to end the Hollywood strike, may have also contributed to the bearish sentiment. Investors might have perceived these contract terms as potentially unfavorable for Netflix, leading to a negative market reaction.
• Elon Musk's agreement with a graphic designer's comparison of mainstream media's critiques and Jim Cramer could have indirectly affected Netflix's stock. As part of the comparison, Netflix was mentioned alongside other companies, which might have created a negative perception among investors.
• Overall, the bearish movement in Netflix's stock today can be attributed to concerns surrounding the ongoing Hollywood strike and potential implications for Netflix's content production, as well as the joint unveiling of new contract terms with Disney. Elon Musk's agreement with a negative comparison involving Netflix may have also influenced market sentiment.

02.07.2024 - NFLX Stock was down 5.2%

• Analyst predictions about the tech sector and potential actions by the Federal Reserve did not sustain the positive momentum for Netflix today.
• High anticipation for upcoming releases like "Squid Game" Season 2 and Netflix's Christmas lineup, including NFL games, did not result in a favorable market performance for the stock.
• Despite being part of a prominent tech group, Netflix did not benefit from the optimistic outlook that boosted stocks like Apple and Amazon.
• Changes in market sentiment towards tech stocks likely influenced Netflix's downward movement, despite positive trends in the industry.