What I am looking at Wednesday, Oct. 19, 2022
- Netflix (NFLX) — Is the pain over? Shares popped more than 12% in the premarket after the streaming platform said it added 2.4 million subscribers in the third quarter, reversing the losing trend of the prior two quarters. Management forecasts another 4.5 million subs. It also beat earnings and sales estimates. Deutsche Bank upgrades NFLX to buy with a price target of $350, up from $270, sees more levers to drive growth. I say buy shares of Club name Disney (DIS) off this report.
- The 2-year Treasury yield is 4.48%.