Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Netflix's upcoming earnings report may not send the stock rallying, but the stock is still a good buy in the long run, according to Credit Suisse.
Analyst Douglas Mitchelson, who has an outperform rating and a $440 a share price target, said subscriber growth will continue to be the primary driver for the stock. However, subscriber growth is expected to slow dramatically.
Mitchelson said global downloads generally correlate with Netflix's subscriber growth. He noted that global downloads expanded by 35 percent in the first quarter from a year earlier but were down from 48 percent in the fourth quarter.
Netflix's guidance for net additions on a quarter-over-quarter basis was also flat, which is well below a seven-year average of 1 million. "Netflix has guided 1Q19 net adds to be the 2nd smallest sequential improvement in its history," Mitchelson said in a note titled, "Will 1Q19 Results Spark Joy?" — a nod to the show "Tidying up with Marie Kondo".
"We believe the reason, more so than Netflix's estimated influence of price increases, … likely reflects a 'demand pull forward' scenario, where an abnormally strong 4Q18 pulled forward demand from the next quarter," Mitchelson wrote.
"We believe this has happened before; after a very strong 4Q16 net add performance Netflix actually missed its 1Q17 guidance," he added.
Netflix added 8.8 million subscribers in the fourth quarter of 2018, slightly more than expected. But worries over the company's ability to expand its subscription base have increased recently as more companies like NBC and Disney jump into the streaming space.
Long term, he said, the stock should be a good buy for investors as the streaming giant builds on its original content with shows including "The Umbrella Academy," "Stranger Things" and "Tidying Up."
He also said recent price hikes should boost revenue-growth acceleration. Netflix announced in January price hikes ranging 13 to 18 percent for its streaming plans.
Netflix is scheduled to report first-quarter earnings on April 16. The stock has surged more than 37 percent this year through Tuesday's close.