Netflix Inc. (Nasdaq: NFLX) stock surged to an all-time high on Tuesday after reporting a stunning 5.2 million new subscribers in the second quarter. That beat estimates by over 60%. The surprising growth was driven largely by international subscribers.
As of Tuesday afternoon, NFLX stock was up 13.8% for the day and is now up 48.5% in 2017.
Netflix original content landed 91 Emmy nominations last week, twice as many as last year. And it's no wonder. The streaming video service is spending an eye-popping $6 billion for content in 2017.
In short, Netflix is on top of the world. But are there any pitfalls Netflix investors should be worried about? Money Morning Technical Trading Specialist D.R. Barton, Jr., joins Neil Cavuto on FOX Business Network to tell us what to expect from Netflix and the rest of the media world going forward.
Start Making More Money Now: Get stock picks and research that could put an extra $125,000 in your pocket delivered straight to your inbox for just pennies a day. Read more...
Follow Money Morning on Facebook, Twitter, and LinkedIn.
[mmpazkzone name="end-story-hostage" network="9794" site="307044" id="138536" type="4"]