Article By:
Benjamin Rains
Sunday, March 3, 2024 5:13 AM EDT
Wall Street bulls sent the Nasdaq to its first record close since late 2021 on Thursday after PCE data came in line with expectations. The jump to new highs for the tech-heavy industry is another sign the bulls are in complete control.
Netflix: Valuations, Competition, And Questionable Accounting Point To Potential Crash
Excellent post on $NFLX that gives me much to think about. I agree with much of what you said but I think there are some emotional factors that you left out which should not be negated.
1. I think on average, Netflix customers are fiercely loyal compared to other companies.
2. Netflix has a great product which they keep improving upon. Netflix is actually more reliable than my cable provider.
3. Netflix has the first movers advantage. Even $AMZN hasn't made much of a dent and they are giving away their video on demand service free to their millions of prime customers. I get Amazon instant video free, yet I still prefer Netflix.
S&P 500 And Nasdaq 100 Forecast - January 20, 2016
I respect the charts but on $SPY I saw the T-30 pattern clear as day. $AAPL $FB & $NFLX especially followed.
Mobileye Keeps Going Higher, Chinese Stocks Staying Hot
$NFLX, $FEYE, $AMBA, $TSLA,
$YOKU...fav for summer run???