Netflix (NFLX) Offering Possible 43.88% Return Over the Next 30 Calendar Days

Netflix's most recent trend suggests a bearish bias. One trading opportunity on Netflix is a Bear Call Spread using a strike $490.00 short call and a strike $500.00 long call offers a potential 43.88% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $490.00 by expiration. The full premium credit of $3.05 would be kept by the premium seller. The risk of $6.95 would be incurred if the stock rose above the $500.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Netflix is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Netflix is bearish.

The RSI indicator is at 46.98 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Netflix

Israel's Partner Comms Q2 profit gains, cost-cuts offset revenue dip
Tue, 18 Aug 2020 06:40:18 +0000
Partner Communications , Israel's second-largest mobile phone operator, reported a 133% jump in quarterly profit, saying it cut costs and expanded sales channels to offset the impact of the coronavirus crisis. Partner said on Tuesday it earned 7 million shekels ($2.06 million) in the first quarter, up from 3 million a year earlier. Revenue dropped 1% to 774 million shekels, hurt by restrictions on international travel that lowered roaming services and reduced activity in shopping malls.

SoftBank Bets $3.9 Billion on U.S. Giants From Amazon to Tesla
Tue, 18 Aug 2020 01:53:18 +0000
(Bloomberg) — SoftBank Group Corp. has invested about $3.9 billion into 25 of the world’s largest technology companies including Amazon.com Inc., Tesla Inc., Netflix Inc. and Alphabet Inc.The Japanese conglomerate owned $1.04 billion of Amazon stock, its biggest investment, a $475 million stake in Alphabet, $248.6 million of Adobe Inc. and $189 million of Netflix, the Tokyo-based company said in a filing to the U.S. Securities and Exchange Commission dated Aug. 17. Its stake in Tesla was worth $122.9 million as of June 30, it said.SoftBank founder Masayoshi Son is expanding the company’s investment activities from private startups to publicly traded equities at a time the biggest technology stocks are near record highs. He unveiled a new asset management arm on an earnings call last week, saying it’s part of a broader bet on transformative technologies. The Japanese company is targeting investments of more than $10 billion in public stocks, according to people familiar with the initiative.Read more: SoftBank Is Said to Target Over $10 Billion in Public InvestingThe filing also shows a $183 million stake in Microsoft Corp., $111.5 million in PayPal Holdings Inc. and $108.8 million in Zoom Video Communications Inc. Also on the list were several Chinese names including streaming giants Bilibili Inc. and iQiyi Inc. as well as Singapore’s Sea Ltd., one of the world’s best performers over the past 18 months. While Son has said SoftBank invested in Facebook Inc. and Apple Inc., the companies were not listed among the latest disclosure of U.S.-listed holdings.SoftBank has notched some wins in public stocks over the past years. It profited from investments in Charter Communications Inc. in early 2018 and in U.S. chip designer Nvidia Corp. The latest filing showed SoftBank has taken a position in Nvidia worth $180.9 million.The asset management team is led by Akshay Naheta, a senior vice president in Abu Dhabi, the people said. The group has been quietly amassing multibillion-dollar stakes in American Big Tech companies over the past few months, the people said.“As an investment company, we need to explore various angles and scope. But our focus is still on companies driving the information revolution,” Son said during SoftBank’s most recent earnings presentation. “This is the purpose of our company.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

GLOBAL MARKETS-Asia shares set to follow Wall Street's tech-driven rally
Tue, 18 Aug 2020 00:02:03 +0000
Asian equities were poised to track Wall Street's tech fueled rally on Tuesday that saw the Nasdaq benchmark hit a fresh record while oil prices perked up on Chinese demand and hopes Sino-U.S. trade tensions were easing. “We saw some strength in tech again with semiconductors driving the boat,” said Thomas Hayes, chairman at Great Hill Capital. Australian S&P/ASX 200 futures rose 0.52%, while Hong Kong's Hang Seng index futures rose 0.56%.

Netflix Inc. stock falls Monday, underperforms market
Mon, 17 Aug 2020 20:25:00 +0000
COMPANY CLOSE UPDATES Terrence Horan Shares of Netflix Inc. NFLX sank 0.07% to $482.35 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.

US STOCKS-Nasdaq hits record high close due to tech rally
Mon, 17 Aug 2020 20:18:43 +0000
The Nasdaq surged to a record high close on Monday, while the S&P 500 approached its own record level, with both indexes lifted by Nvidia and other technology stocks. The benchmark S&P 500 reached just shy of its Feb. 19 intraday record high after testing that level for much of last week, while the Dow Jones was weighed down by losses in financial and industrial stocks. Nvidia Corp was among the top boosts to the S&P 500 and Nasdaq for the day, surging 6.7% to a record high after two analysts raised their price targets ahead of the chipmaker's quarterly results on Wednesday.

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