Netflix shed roughly 10 percent Tuesday after a big miss on subscriber growth, on pace for the stock’s worst day in two years. But the stock has a history of big rebounds. Shares of Netflix fell by at least 10 percent on 13 occasions in the last decade, according to a CNBC analysis of Kensho […]
Read moreIntel’s market leadership in the semiconductor industry may be at risk, according to Evercore ISI. The firm lowered its rating to in line from outperform for Intel shares, saying the search for the company’s next CEO will add to investor uncertainty. Last month Intel announced the resignation of its CEO Brian Krzanich for his alleged […]
Read morePetco is trying to Amazon-proof its business. Time will tell if the strategy really works. The privately held pet-goods retailer has just opened a new service-focused store that aims to give shoppers something they can’t buy online. A pilot location opened this past Friday in San Marcos, California. Called PetCoach, it offers grooming, training, veterinary […]
Read moreIt’s becoming more and more common for patients to choose genetic tests that assess risk for diseases such as breast cancer, Alzheimer’s, Parkinson’s, diabetes and other conditions — especially if there’s a family history. Yet because some of the tests focus on wellness rather than specific disease diagnoses, insurance can be limited. Doctors and other […]
Read moreInvestors’ nerves are getting jangled over what has been the most popular tech trade in the stock market, and are showing increasing signs that they’re getting ready to bail. Market pros responding to the July Bank of America Merrill Lynch Fund Managers Survey labeled the “FAANG + BAT” trade the most-crowded for the sixth straight […]
Read moreNetflix‘s less-than-stellar second quarter results may indicate the streaming video giant is hitting a “maturity wall,” B. Riley FBR media analyst Barton Crockett told CNBC on Tuesday. “They had a hiccup last night,” Crockett said in a “Squawk Box” interview. “What I think we have to watch out for is maybe the kind of high-wire […]
Read moreSeveral Wall Street firms are downplaying Netflix’s big subscriber miss, remaining optimistic over the company’s attractive long term prospects. On Monday the company reported its second-quarter financial results. Netflix added 5.15 million memberships during the quarter missing the Wall Street consensus of 6.34 million. Bank of America Merrill Lynch believes Netflix will return to beating […]
Read moreStop us if you’ve heard this before. Shares of Tesla took a nosedive Monday after CEO Elon Musk came under fire, and some market forecasters see bigger losses yet, citing a corporate leader lately mired in controversy and lingering concerns about vehicle production. Investors have been here before, with the volatile stock entering yet another […]
Read moreThe U.S. aircraft manufacturer Boeing announced the creation of a new internal division set up to tap into the growing market of autonomous flight. Boeing NeXt is to work in partnership with outside companies as it looks to build unmanned vehicles, resolve air traffic control and help model infrastructure on the ground. Speaking at the […]
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Netflix shares were downgraded by Deutsche Bank from “buy” to “hold’ on Tuesday, following the streaming company’s huge second quarter subscriber miss on Monday. “The slowdown in growth is not thesis changing, but does require a re-evaluation of value and consideration of the stock’s year to date appreciation from $200 per share,” Deutsche Bank said […]
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