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MarketBeat Week in Review – 8/28 - 9/1

3 years 1 month ago
The markets ended the week with mixed results as stocks enter what is historically the toughest month of the year. The jobs report offered some hope that the Federal Reserve may hold interest rates where they are. But this is a trader's market, and many investors may be snapping
MarketBeat

Why fuboTV Stock Was Up Big Today

3 years 1 month ago
What happened fuboTV (NYSE: FUBO) saw its stock price surge higher on Friday, up 12% as of 2:25 p.m. ET. The stock is trading at around $2.60 per share, up about 51% year to date.
The Motley Fool

TipRanks’ All-Star Analyst – Who is the Best on NFLX Stock?

3 years 1 month ago
The TipRanks All-star Analyst of the Day title goes to  Oppenheimer analyst Jason Helfstein. Remarkably, Helfstein ranks #144 out of the 8,537 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Netflix ( NASDAQ:NFLX ), for which he is both the Most Accurate and Most Profitable analyst. Most Profitable and Accurate Analyst on NFLX Stock When we look at Helfstein's recommendation for Netflix, one of the leading streaming giants, we see that over the past year, the analyst has had an 82% success rate on the stock. Plus, he has earned an average return of 28.25% in the said period. On an overall basis, copying Helfstein’s trades and holding them for a year would give you an average return of 18.4%, with 53% of your trades generating a profit! Not Just NFLX Helfstein primarily focuses on covering the  technology sector in the U.S. market. Importantly, his most profitable rating to date is a Buy on Israel-based Fiverr International ( NYSE:FVRR ), an online marketplace connecting businesses with freelancers offering digital services. The analyst earned a massive 800% return on the call between February 19, 2020 and February 19, 2021. Following phenomenally successful analysts’ ratings can add profit to your portfolio. Find the best analyst to follow for any stock by scrolling down to the “ Best Analyst Covering” feature on its  Analyst Forecast page. To follow the best Wall Street analysts, take a look at the list of  Top Analysts on TipRanks. Disclosure
TipRanks

With XOMO, YieldMax Writes Call Options on Exxon Mobil

3 years 1 month ago
YieldMax has expanded its fund lineup with the launch of the YieldMax XOM Option Income Strategy ETF (NYSE Arca: XOMO). The actively managed fund seeks to generate monthly income by selling/writing call options on Exxon Mobil Corp. (XOM). XOMO aims to harvest compelling yields while retaining capped participation in the price gains of XOM. The [...] Read more at ETFTrends.com.
ETF Trends

MTUM, GE, NFLX, BKNG: Large Outflows Detected at ETF

3 years 1 month ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $147.2 million dollar outflow -- that's a 1.6% decrease we
BNK Invest

How Disney Stock Becomes a Multibagger

3 years 1 month ago
Disney (NYSE: DIS) is going through a number of transitions at once, and the market isn't happy with what it's seeing. But dig a little deeper, and Disney has a solid core and is well positioned for the future of streaming. In this video, Travis Hoium highlights why this could be
The Motley Fool

How to Capitalize on Netflix's Accelerating Recovery

3 years 1 month ago
Having at one point last year been down more than 75%, shares of Netflix Inc (NASDAQ: NFLX) have been having what can only be called the mother of all comebacks. They're currently up 160% from the lows twelve months ago, having recently been up as much as 200%, with many of thos
MarketBeat

NFLX and DIS Stocks: What’s Ahead for These Entertainment Giants?

3 years 1 month ago
So far, 2023 has turned out to be a profitable year for Netflix ( NASDAQ:NFLX ) shareholders. On the contrary, Walt Disney ( NYSE:DIS ) stock has disappointed investors with its  better-than-expected Q3 earnings, failing to lift its stock price higher. Though investors' sentiment differs significantly for NFLX and DIS stocks,  UBS analyst John Hodulik anticipates that a difficult operating environment in the second half of the year will present hurdles for media and entertainment companies, including these sector leaders. In a note to investors dated August 28, the analyst highlighted that the companies operating in this space have increased prices and are focusing on cutting costs to drive efficiency. Nevertheless, the analyst pointed out that there is still uncertainty regarding user growth. Against this backdrop, let's examine the recommendations from Wall Street analysts for Netflix and Disney stocks. Is Netflix Stock Expected to Rise?  Netflix stock has gained nearly 42% year-to-date, outperforming the S&P 500 Index ( SPX ). In addition, analysts’ average price target suggests further upside. However, the upside in NFLX stock remains capped.  Netflix will likely benefit from its ability to effectively implement growth measures, including the crackdown on password sharing and the launch of ad-supported plans. All these steps are aimed at driving its  financial performance.  Although Netflix is heading in the right direction, heightened competition and uncertainty over customer additions, pricing, and churn rate remain concerns. Given these uncertainties, analysts maintain a cautiously optimistic outlook on  Netflix stock. It has received 20 Buy, 12 Hold, and two Sell recommendations for a Moderate Buy consensus rating. These analysts’ 12-month average price target of $468.81 implies 12.14% upside potential from current levels. Is Disney Stock a Buy or a Hold? Disney stock has failed to impress so far this year. Even so, its focus on driving profitability in its direct-to-consumer business through price increases and the ramp-up of the Disney+ ad tier are positives. The company managed to cut losses in the direct-to-consumer business during the most recent quarter. Moreover, the company believes that its direct-to-consumer business will achieve profitability by the end of 2024.  Also, Disney’s Parks and Experiences business is driving its earnings and cash flows, which is encouraging. Investors should note that activist investor  Nelson Peltz’s Trian Fund Management  increased its holdings in DIS stock in the second quarter of 2023. The move comes after the billionaire investor ended the proxy fight with Disney’s management.  While Peltz made peace with Disney’s management, analysts remain cautiously optimistic about Disney stock. With 13 Buy, five Hold, and two Sell recommendations, Disney has a Moderate Buy consensus rating on TipRanks. Analysts’ average 12-month price target of $110.71 implies 31.55% upside potential from current levels.  Bottom Line Both Netflix and Disney are taking measures to strengthen their financial performance and drive profitability. However, heightened competition and macro weakness add uncertainty over future user growth, keeping analysts cautiously optimistic about their prospects. Disclosure
TipRanks
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