When Netflix (NASDAQ: NFLX) reported earnings last month, investors weren't impressed. They dumped the stock, which was already struggling, causing it to hit a new 52-week low of $65.08. It seemed as though the company, despite its solid growth over the years, could do nothing to convince investors that it was worth investing in. Its tailspin seemed endless.
But with beaten-down stocks, at some point, they become too cheap to pass up. Investors load up on them at discounted prices, which can create a snowball effect, driving their share prices higher, leading to a rally. That appears to be happening with Netflix of late, as on Thursday, it was trading at around $77 -- which is 18% higher than the low it reached in July.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Can the streaming stock still be a good buy right now? Let's find out.
When a company reports earnings that don't meet expectations, the market tends to act quickly. Sell first, think and **** yze later. When Netflix reported its second-quarter earnings on July 16, that may have been what happened. The company delivered a beat on the bottom line but slightly missed on revenue.
#signal
But with beaten-down stocks, at some point, they become too cheap to pass up. Investors load up on them at discounted prices, which can create a snowball effect, driving their share prices higher, leading to a rally. That appears to be happening with Netflix of late, as on Thursday, it was trading at around $77 -- which is 18% higher than the low it reached in July.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Can the streaming stock still be a good buy right now? Let's find out.
When a company reports earnings that don't meet expectations, the market tends to act quickly. Sell first, think and **** yze later. When Netflix reported its second-quarter earnings on July 16, that may have been what happened. The company delivered a beat on the bottom line but slightly missed on revenue.
#signal
3 months ago
