This morning (Tuesday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co." to discuss whether Netflix (Nasdaq: NFLX) and Twitter (NYSE: TWTR) stock are buys for investors.
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NFLX stock climbed 1.7% yesterday and reached a record high of $439.35. DIS stock is up 1.7% today.
The sixth season of the series "Star Wars: the Clone Wars" will be available to subscribers in the United States and Canada starting March 7. The first five seasons ran on Time Warner Inc.'s (NYSE: TWX) Cartoon Network.
Netflix also announced that it will have exclusive U.S. streaming rights to Disney movies starting in 2016.
Netflix Inc. (Nasdaq: NFLX) stock was one of the biggest success stories of 2013 - soaring 312% - and should be reflected in Q4 earnings.
NFLX is projected to report Q4 earnings of $0.66 per share today (Wednesday), up from $0.13 last year. Revenue estimates are also optimistic at $1.17 billion for Q4. That's up 24% from 2012.
The key figure is new users. Netflix is expecting to report 2 million new subscribers for the fourth quarter. That's after adding 1.3 million new customers in the United States in the third quarter.
Tech stocks like Google Inc. (Nasdaq: GOOG), Amazon.com Inc. (Nasdaq: AMZN), Netflix Inc. (Nasdaq: NFLX), and Apple Inc. (Nasdaq: AAPL) are "where the action is" in tech. They make the most money and create the most innovative products and services.
These tech stocks also serve as good benchmarks for how the whole industry is performing.
Netflix Inc. (Nasdaq: NFLX) stock has posted tremendous gains in the last year, up nearly 227%. NFLX stock currently trades just over $338, after reaching an all-time high of more than $380 in December.
The key to its next big breakthrough was presented at the Consumer Electronics Show 2014 last week.
Netflix stock has soared 440% in the past year, and 275% year-to-date. And this week the company said it added 1.3 million new U.S. customers, putting it ahead of even HBO. Yet there's this pesky $85 million gap between net income and cash flow, and now Carl Icahn has pulled out half of his investment.
The company recently announced it added over 2 million new domestic subscribers (at $7.99 per month) in Q4/2012. In all, NFLX ended the year with 25.47 million paid subscribers - blowing away expectations. Here's what that means for shareholders.
The company reported U.S. subscribers in the fourth quarter jumped by 610,000 to reach 24.4 million. The increase helped recoup the 800,000 U.S. customers Netflix lost in the third quarter after it changed monthly rates.
The video rental and streaming company reported surprisingly good earnings for the fourth quarter. Net income was 73 cents a share, about 33% higher than The Street's estimate of 55 cents a share. Revenue rose 47% from a year ago to $876 million, compared to analysts' estimated $857.3 million.
By 1 p.m. Netflix shares today (Thursday) had soared 21% to just over $115.
Today's stock boost offers investors a much needed price spike as NFLX stabilizes its business from a tumultuous 2011. After the company announced a 60% price increase and a business segment spin off, frustrated subscribers attacked Chief Executive Officer Reed Hastings and cancelled subscriptions.
The stock took a toll - tumbling from a mid-year high of $305 to a yearly low of $62.37 by Nov. 30. The share price ended 2011 down 61%.