Netflix Stock News

Peloton Tumbles After CEO Steps Down, Company Fires 2,800 Making Imminent Sale Unlikely Peloton Chief Executive Officer John Foley will step down and become executive chair in a victory for activist investor Blackwells Capital which had campaigned for his departure/// and in a loss for all those who were hoping the company would quickly sell itself to Amazon, Nike or some other potential acquiror. As the WSJ first reported, Barry McCarthy, former CEO at Spotify, will become CEO and president, Peloton said in a statement Tuesday. Peloton also said about 2,800 global jobs would be cut, affecting around 20% of corporate positions as part of its dismal earnings release posted earlier today. In order to position itself for sustainable growth - which again means no immediate sale - the company is reducing its owned and operated warehouses and delivery teams, although Peloton’s roster of instructors and "breadth and depth of its content" will not be impacted by the initiatives. The company will also reduce its planned capital expenditures in 2022 by approximately $150 million.

Morgan Stanley analyst Benjamin Swinburne lowered the price target on The Walt Disney Co (NYSE: DIS ) to $170 from $185 and reiterated an Overweight rating on the shares. The price target implies an upside of 19.34%. Swinburne lowered his long-term direct-to-consumer margin expectations following the reset of his Netflix Inc (NASDAQ: NFLX ) expectations. Related Content: Full story available on Benzinga.com

Peloton Interactive Inc plans to replace its chief executive officer, cut costs and overhaul its board, the Wall Street Journal reported on Tuesday. Co-founder John Foley is stepping down as CEO and will become executive chair, according to the report. Barry McCarthy, the former chief financial officer of Spotify Technology SA and Netflix Inc, will become CEO and president of Peloton, the report added.

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Netflix has dropped more than 40% relative to all-time highs. Since the release of Q4 earnings in January, NFLX stock has been in free fall. See more here.

© Reuters By Sam Boughedda Investing.com In a note to clients Monday, Needham analyst Laura Martin said that Netflix Inc (NASDAQ:) can NOT win the streaming wars given its current strategy. The analyst reiterated an Underperform rating and said Netflix needs to add a second, lower-priced option to compete with Disney+, discovery+, Apple+, Hulu, Peacock,

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Netflix, Inc. (NASDAQ: NFLX ) shares have come under selling pressure following its quarterly results, with slowing subscriber growth serving as a drag. An analyst at Needham said a turnaround is unlikely if the streaming giant persists with its current strategy. The Netflix Analyst: Laura Martin has an Underperform rating on Netflix shares. The Netflix Thesis: Only about 50% of Netflix'' U.S. subscribers are happier with its content now compared to a year-ago, Martin said, citing Needham''s survey of 504 of the company''s U.S. subscribers. U.S. subscriber growth is harder going forward, the analyst said. This was premised on data that showed about 81% … Full story available on Benzinga.com

The sea of Netflix (NFLX) original content kept the company in prime position to capture streaming eyeballs as post-holiday U.S

Wall Street equities had a rollercoaster week as FAANG earnings boosted market volatility. An uneven picture underscored challenges and opportunities ahead for big tech names.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Netflix is likely to have better revenue than expected given its pricing power, making NFLX stock worth substantially more than today. The post Netflix Looks Like a Good Opportunity Given Its Pricing Power appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First…

Retail Investors Are Flooding In To Buy Meta''s Face-plant Dip Years of BTFD instinct don''t go away just like that, and with Facebook plunging the 26%, its biggest drop ever, and also the biggest loss of market cap by any company in US history - putting it in context FB has lost more value today than the market cap of 455 S&P500 members - and after its opening collapse, the retail crew has arrived and according to Fidelity, thousands of retail investors are buying the dip this morning. According to Fidelity , FB was by far the most traded among individual investors using Fidelitys platform, with volumes more than five times that of Tesla, the second-most traded stock according to Bloomberg. The imbalance was 80% in favor of dip buyers, with more than 49k buy orders placed on the platform as of 11:52am, compared to 12k sell orders as of 11:52 a.m. in New York. In context, the staggering amount of buy orders was roughly seven times the demand for Amazon, the second-most bought stock. The flood of retail buying is hardly as surprise, and it represents a continuation of the relentless, if somewhat more subdued, purchases by ordinary investors.

The bull case for NFLX stock is that it''s becoming a value stock. The bear case against Netflix is that it''s becoming obsolete.

Netflix (NASDAQ: NFLX) shares have tumbled 30% YTD, similar to its tech brethren, who have by-in-large, been facing huge downward pressure. For intere