Break the doubts! Netflix Q3 performance exceeded expectations across the board, with major banks singing praises afterwards. Can this drive the stock price back to new highs?
In the third quarter, Netflix saw double-digit increases in both revenue and profit, with subscribers growing by 5.07 million, surpassing Wall Street's expectations of a slowdown in user growth.
Decoding Netflix Inc (NFLX): A Strategic SWOT Insight
Top 20 Transaction Volume | Cryptos all rise, MSTR up over 11%, COIN nearly 8%.
Nvidia topped the US stock market turnover on Friday, closing up 0.78% with a turnover of $24.318 billion; Netflix, the second-largest streaming giant, closed sharply up 11.09%, reaching a historical new high in stock price with a turnover of $12.071 billion; Tesla, the third, fell 0.09% with a turnover of $10.964 billion.
US stocks close | S&P, Dow continue to hit new closing highs, netflix soars more than 11% after earnings; Chinese concept stocks all rise, li auto inc rises over 6%
1. China concept stocks are up across the board, with the Nasdaq Golden Dragon Index in China rising by 3.03%; 2. The US federal government has started investigating Tesla's FSD; 3. The US Federal Aviation Administration said it will launch a new round of safety reviews on Boeing; 4. Netflix hits a new all-time high, with the company's third-quarter performance and fourth-quarter performance guidance both exceeding market expectations.
WSJ's Tech Live: Netflix's Ted Sarandos, LinkedIn's Reid Hoffman, and More -- WSJ
Overnight US stocks | The three major indices recorded gains for the sixth consecutive week, with Netflix (NFLX.US) up more than 11%.
As of the close, the Dow rose 36.86 points, an increase of 0.09%, to 43,275.91 points; the Nasdaq rose 115.94 points, an increase of 0.63%, to 18,489.55 points; the s&p 500 index rose 23.20 points, an increase of 0.40%, to 5,864.67 points.