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3-Stock Lunch: Uber, Netflix & Travelers
  + stars: | 2024-10-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Uber, Netflix & TravelersJerry Castellini, CastleArk Management president, joins 'Power Lunch' to discuss stock plays for three stocks.
Persons: Jerry Castellini Organizations: Netflix, CastleArk Management
Check out the companies making headlines in after-hours trading: Netflix — The streaming stock popped more than 4% after third-quarter earnings topped expectations. Netflix earned $5.40 per share on $9.83 billion in revenue, while analysts forecast $5.12 a share and $9.77 billion in revenue. Intuitive Surgical — Shares jumped about 5% after the maker of the da Vinci surgical robot posted better-than-expected third-quarter results. Intuitive Surgical earned $1.84 per share on $2.04 billion in revenue. The company earned $1.23 per share, and said it expects fiscal 2025 profits of between $5.20 and $5.45 per share.
Persons: LSEG, OceanFirst, David Bratcher, Marten, CNBC's Hakyung Kim, Sarah Min Organizations: Netflix, Revenue, FactSet, Pharmaceuticals, Supernus Pharmaceuticals Locations: FactSet
Netflix is rolling in cash. What a turnaround!
  + stars: | 2024-10-17 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +4 min
Netflix makes money. Netflix is actually bringing in so much money that it is turning a profit, while its competitors struggle to break even. And Netflix financed all that cash incineration by taking on many billions of dollars in debt. In 2019, Netflix had negative cash flow of $3.3 billion. That doesn't mean Netflix is going to go hog-wild on spending now that its thesis has been borne out.
Persons: , it's, we'll, you've Organizations: Netflix, Service
Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.
Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix posts Q3 beat, subscriber adds come in ahead of expectationsBarbara Doran, BD8 Capital Partners CEO, and Mark Mahaney, Evercore ISI head of internet research, react to Netflix earnings.
Persons: Barbara Doran, Mark Mahaney Organizations: Netflix, BD8 Capital Partners
Netflix is helping to kick off the latest earnings season with the streaming giant set to report its third quarter earnings after market close on Thursday. The company's stock price has steadily risen since the beginning of the year. However, this upcoming earnings report may be one of the last times investors receive regular updates on Netflix's membership numbers. "This change is really motivated by wanting to focus on what we see are the key metrics that we think matter most to the business," Netflix co-CEO Gregory Peters said during the company's 2024 first quarter earnings call on April 18. "We'll periodically update when we grow and we hit certain major milestones, we'll announce those.
Persons: Gregory Peters, we'll Organizations: Netflix
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLoop Capital on Netflix: Not cheap but fundamentals continue improvingAlan Gould, Loop Capital analyst, joins 'Squawk on the Street' to discuss what to expect for Netflix's quarterly earnings results, which number will be most important to monitor for, and what's working for Netflix.
Persons: Alan Gould Organizations: Netflix, Loop Capital
“Beyond Black Beauty” expands on the often-adapted classic 1877 novel “Black Beauty” with an 11-episode series on Prime Video centering Black people, Black girls and women specifically. How do I make it different?’ because ‘Black Beauty’ has existed forever as a black horse and a white character,” the first-time showrunner said. “And so, as a Black woman, I was like, ‘Well, I definitely want to see Black women.’ So this is my love letter to the Black women who raised me.”Jolie (Kaya Coleman) in "Beyond Black Beauty." In crafting “Beyond Black Beauty,” Golden said she wanted to create a family show with the Black family being “driven by legacy.”“Something that was really important is highlighting a Black family that owns something,” she said. So when I learned about Black cowboy culture, it made sense in my soul.”
Persons: Carter, George Floyd, Jolie Dumont, Jolie, Ronnie, Pilar Golden, , ” Jolie, Kaya Coleman, Lindsay Sarazin, ” Golden, , “ They’ve, they’ve, Janelle, Yvonne, Alvin, Rashad, Gretchen, Bill Pickett, Golden, Erin Brown, Idris Elba, she’s, Brown, ’ ”, ” Brown, ” Kaya Coleman Organizations: Bill, Netflix Locations: Belgium, Baltimore, Maryland, English, Philadelphia, Beyoncé, Calgary , Alberta
The US and Canada drive 70% of Netflix's revenue growth and are crucial for its future ad expansion. AdvertisementBy now, it's become a common refrain in Hollywood: Netflix has won the streaming wars. Amazon threw a wrench into Netflix's advertising ambitions by steamrolling into the market earlier this year. With subscriber growth potential limited in the US because Netflix is already quite saturated in the market, Netflix needs to ramp up ad revenue. While Netflix's ad tier growth is steadily adding inventory, those tech deals will take a couple of years to ramp up.
Persons: , it's, Nielsen, hasn't, steamrolling, It's, Tyson, Paul, Netflix execs, Amazon, What's, Dan Salmon, NewStreet, Lowell Singer, There's, Piper Sandler's Organizations: Wall Street, Netflix, Service, Amazon, Barclays, WWE, LightShed Partners, Citibank, Epic Games, Disney, Piper Locations: Canada
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Goldman Sachs' earnings result might be a sign of the long-awaited return of M&A . The big storyM&A for allWin McNamee/Getty ImagesDon't look now, but M&A might finally be coming back. Goldman Sachs, Wall Street's perennial M&A king, smashed analysts' third-quarter expectations , notching $3 billion in profits. One analyst took things a step further, floating the idea of an "M&A supercycle" once the money that's been sitting on the sidelines finally gets put to work.
Persons: , Goldman Sachs, Win McNamee, Insider's Reed Alexander, David Solomon, that's, Jenny Chang, Rodriguez, Mariana Bazo, Tyler Le, TSMC, Biden, Donald Trump, Elon Musk, TK, Alex Brandon Elon Musk, Kamala Harris, Alain Tascan, Jeet Shroff, Shroff, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, LaGuardia Airport, Getty, BI, Monetary Fund, Chartered, Apple, Bloomberg, Google, Trump, PAC, America PAC, AP, Trump PAC, Epic, Discover Financial Services Locations: Midtown Manhattan, China, lockstep, New York, London
In 1996, the Menendez brothers were convicted and sentenced to life in prison without the possibility of parole for the murders of their parents, Jose and Kitty, in their Beverly Hills home. Erik Menendez, left, is seen on October 31, 2016, and Lyle Menendez is seen on February 22, 2018, in photos provided by the California Department of Corrections and Rehabilitation. In the letter, Erik Menendez wrote, “I’ve been trying to avoid dad. He told ABC his office is expected to make a decision on the Menendez brothers’ sentence sometime this month. The case has reemerged following last month’s release of the Netflix series,“Monsters: The Lyle and Erik Menendez Story.” Netflix also this month released a documentary on the Menendez case featuring both men discussing what led to the murders.
Persons: Lyle, Erik Menendez, Menendez, Kitty, they’ve, Jose Menendez’s, George Gascón, Erik, Lyle’s, Karen Vander MolenCopley, , ” MolenCopley, Lyle Menendez, MolenCopley, Gascón, “ I’ve, Andy, ” Gascón, Loni Coombs, CNN’s Jim Acosta, ‘ I’m, , Coombs Organizations: CNN, Los Angeles District, ABC, California Department of Corrections, Rehabilitation . California Department of Corrections, Rehabilitation, Netflix, Former Los Angeles Locations: Angeles County, Beverly
Milli Vanilli is the latest act to get a streaming boost from a Netflix show. Three songs by the German pop duo feature in "Monsters: The Lyle and Erik Menendez Story." Kate Bush and The Cramps have also had songs revived by Netflix shows. AdvertisementMilli Vanilli is the latest act to get a second wind with younger generations thanks to Netflix. "When something like this resurgence happens 20 years later, for example, the people making money aren't those artists.
Persons: Lyle, Erik Menendez, Kate Bush, , Rob Pilatus, they've, haven't, Milli, Kate Bush's, Goo Muck, Jenna Ortega, Anu Pillai, Pillai, Pilatus Organizations: Netflix, Service, TikTok, Billboard, Producers Guild, Morvan Locations: German, Milli
In "Sweet Bobby: My Catfish Nightmare," Kirat Assi describes being deceived for almost a decade. AdvertisementWarning: Spoilers ahead for Netflix's "Sweet Bobby: My Catfish Nightmare" and Tortoise's podcast "Sweet Bobby." Kirat Assi, a woman catfished by a relative for eight years, is telling her story again in Netflix's new documentary "Sweet Bobby: My Catfish Nightmare." In "Sweet Bobby," Assi describes how Bhogal created Facebook accounts to pretend to be a real-life person, Bobby Jandhu, and his family members to carry on an online relationship with her — the phenomenon known as catfishing. Courtesy of NetflixIn the podcast, Assi described a draft apology letter Bhogal gave her after Assi took legal action against her in 2020.
Persons: Bobby, Assi, , Simran Bhogal, Anna, Bhogal, Bobby Jandhu, Bobby Jandhu's, Jandhu, Kirat Assi, didn't, Alexi Mostrous Organizations: Service, Netflix Locations: London
She often collaborates with her husband, horror auteur Mike Flanagan, who wrote and directed both. Siegel has now moved behind the camera, making her directorial debut in the franchise "V/H/S." ShudderSiegel was already a longtime fan of the "V/H/S" franchise when she was approached to direct a segment for the latest installment, "V/H/S/Beyond," now streaming on Shudder. They didn't take no for an answer, however, and with some extra encouragement from her manager and her husband, Siegel agreed to take the leap. AdvertisementShe credits Josh Goldbloom, the producer responsible for rebooting the "V/H/S" franchise in 2021 after a seven-year hiatus, with changing her mind.
Persons: Kate Siegel, Netflix's, Usher, Mike Flanagan, Siegel, , She's, Poe, Alanah Pearce, Shudder Siegel, Adam Wingard, Abigail, Josh Goldbloom, she'd, Flanagan, Gareth Cattermole, Trevor Macy, Kate, Denis Villeneuve, Jordan Peele, she's, I've, Stephen King, King, I'm, Shirley Jackson, he's, Charlotte Perkins Gilman Organizations: Service, Netflix, Toronto, Intrepid Pictures, Amazon Studios Locations: Bly
Netflix's new games president, Alain Tascan, appointed Jeet Shroff as VP of games tech. Shroff, like Tascan, came from Epic Games, where he was VP of games development. Netflix's games division conducted layoffs last week. And only a tiny percent of Netflix's subscribers had played its games as of 2023, per data from analytics firm Apptopia. He added that while games' impact on the business is small, it's also a small part of Netflix's content investment overall.
Persons: Alain Tascan, Jeet Shroff, Shroff, , he's, Tascan, Mike Verdu, Greg Peters, Peters, it's, Netflix hasn't Organizations: Epic, Netflix, Service, Epic Games
Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.
Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China
Deep-pocketed Republicans donors also tried to close the gap by boosting a GOP super PAC working to seize the Senate majority. America PAC has taken on a critical supporting role for the Trump campaign, according to its independent expenditure filings, which cover some spending beyond September 30. Tuesday’s filings show other conservative billionaires also plowing extraordinary sums into the effort to reelect Trump. Another leading pro-Trump super PAC, Restoration PAC, also reported a huge haul from a single major donor. Meanwhile, the Congressional Leadership Fund – the main super PAC supporting House Republicans – hauled in more than $81 million in the third quarter.
Persons: , Miriam Adelson, Elon Musk, Donald Trump’s, Adelson, – Musk, Richard Uihlein –, megadonors, Kamala Harris, Harris, Musk, Trump, reelect Trump, Sheldon, Uihlein, Ike Perlmutter, Laura, Biden, Michael Bloomberg, Reid Hoffman, Steve Mnuchin, Dana White, White, Chuck Schumer, JB Pritzker, Eric Schmidt, Reed Hastings, Ken Griffin, Elliott, Paul Singer, Stephen Schwarzman, Republicans –, Timothy Mellon, Montana Sen, Jon Tester, Ohio Sen, Sherrod Brown, Tim Sheehy, Brown, Bernie Moreno, Eric Hovde, Democratic Sen, Tammy Baldwin, Baldwin, Colin Allred, Sen, Ted Cruz, Cruz, Nathan L, Democrat Adam Gray, Michelle Steel, Democrat Eugene Vindman, Trump’s, Vindman, Mary Peltola, CNN’s Kristen Holmes Organizations: CNN, Trump, PAC, Federal, Commission, Adelson, Democratic, Republican, GOP, White, House . America PAC, America PAC, Preserve, America, Restoration PAC, FF PAC, FF, New York, LinkedIn, Republican National Convention, Fund, Illinois Gov, Netflix, Citadel, Elliott Management, Blackstone Group, Congressional, Republicans, The New York Times, Democrats, West, Senate, Ohio, – Rep, Democrat, Alaska Rep Locations: Pennsylvania, California, New York, Preserve America, Michigan, Wisconsin, Pennsylvania , Wisconsin, Georgia, Lago, Florida, Montana, Michigan , Pennsylvania, Arizona, Maryland, Republican, Texas, Virginia’s, District, Alaska
Calls of the Day: Netflix, Cisco, Autodesk, Disney
  + stars: | 2024-10-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Netflix, Cisco, Autodesk, DisneyThe Investment Committee debate the latest Calls Of The Day. Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he's trimming Netflix here.
Persons: Steve Weiss Organizations: Netflix, Cisco, Autodesk, Disney The, Short Hills Capital Partners
Nearly two dozen family members will hold a news conference outside the Clara Shortridge Foltz Criminal Justice Center in downtown L.A. at 1 p.m. PT Wednesday. It was not clear whether Gascón, a progressive who is running for re-election, plans to appear outside the courthouse. The Menendez brothers are “cautiously optimistic” about the prosecutors’ review, Geragos told NBC Los Angeles on Tuesday. Erik and Lyle Menendez were found guilty 28 years ago and sentenced to life in prison without parole. The family members slated to speak at Wednesday’s news conference include Anamaria Baralt, niece of José Menendez; Joan Anderson VanderMolen, sister of Kitty Menendez; Karen VanderMolen, niece of Kitty Menendez; and Brian A. Anderson Jr., nephew of Kitty Menendez.
Persons: Erik, Lyle Menendez’s, Clara Shortridge Foltz, Mark Geragos, Rosie O’Donnell, George Gascón, José, Mary Louise “ Kitty ” Menendez, Menendez, Geragos, Lyle Menendez, Lyle, Erik Menendez, Ryan Murphy, Anamaria Baralt, José Menendez, Joan Anderson VanderMolen, Kitty Menendez, Karen VanderMolen, Brian A, Anderson Jr, O’Donnell, Kim Kardashian, , , Gascón, Nathan Hochman, Laurie Levenson, ” Levenson Organizations: Clara Shortridge Foltz Criminal, Center, PT, NBC Los, Beverly, Netflix, NBC, Loyola Law School Locations: Los, L.A, Angeles County, NBC Los Angeles
“By the time we were doing those scenes, there was nothing we couldn’t talk about together and work out creatively, professionally, all of that,” she said. However, the pair also benefited from the presence of an intimacy coordinator, said Dern. The role of the intimacy coordinator is to support the actor in any intimate action on set, such as contact kissing, physical touch, and simulated sex. Dern has had a long career in Hollywood, receiving Oscar nominations for her performances in “Wild” and “Rambling Rose” before her win four years ago. Hemsworth is best known for playing Gale Hawthorne in the “Hunger Games” movies.
Persons: Laura Dern, Liam Hemsworth, ” Dern, , Dern, , Oscar, Rose ”, Hemsworth, Gale Hawthorne, who’s Organizations: CNN, Netflix, Hemsworth, Hollywood
Wedbush ups Netflix price target ahead of earnings: Here's why
  + stars: | 2024-10-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush ups Netflix price target ahead of earnings: Here's whyAlicia Reese, Wedbush Securities vice president of equity research, joins CNBC's 'Money Movers' to discuss why her firm raised its price target, why Netflix is in a better position than its streaming competition, and more.
Persons: Alicia Reese Organizations: Netflix, Wedbush Securities
Calls of the Day: Shake Shack, Chipotle and Netflix
  + stars: | 2024-10-15 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Shake Shack, Chipotle and NetflixThe Investment Committee debate the latest Calls Of The Day.
Organizations: Netflix
Mizuho upgrades Duke Energy to outperform from neutral Mizuho said investors should buy the dip in the energy company. Barclays upgrades Doximity to overweight from equal weight Barclays said it sees growth potential for the online networking services provider for medical professionals. TD Cowen upgrades SM Energy to buy from hold TD Cowen said the energy company has "multiple resource catalysts." Barclays initiates Bruker as overweight Barclays said it's bullish on the analytical biotech solutions company. " Goldman Sachs reiterates Adobe as buy The firm said it sees "growth tailwinds" after attending the company's Adobe MAX conference.
Persons: Stephens, it's, Wells, Tesla, Berenberg, it's bullish, Wedbush, Mizuho, Goldman Sachs, Goldman, BTIG, Morgan Stanley, McDonald's, TD, TD Cowen, Price, Crane Organizations: Valvoline Inc, YouTube, Cadence Design, Netflix, Nvidia, AMD, Citi, Consolidated Edison, Duke Energy, Mizuho, Barclays, Etsy, Global, RBC, BMW, Mercedes, Volkswagen, Energy, Holdings, TD Cowen, BMO, AIG, Adobe, MAX, Constellation Energy Locations: China, North America
For nearly two years, I've been reporting on longevity and the lifestyle choices that seem to help people live longer. There is steady interest — from everyday people to researchers alike — in what it takes to live a long, healthy life. In blue zones, the physical activity is a lot less vigorous, but centenarians still move daily, Buettner said in his Netflix documentary, "Live to 100: Secrets of the Blue Zones." 1 thing that can help you live a longer, happier life, according to an 86-year Harvard study that's still ongoing. "Having the right friends, that is the biggest secret to help these people in Blue Zones do the right things and avoid the wrong things."
Persons: I've, Valter Longo who's, Longo, Dan Buettner, centenarians, Buettner, Dan Harris, Arthur C, Brooks, it's, Marc Schulz, Dr, Robert Waldinger, Ikigai, George E . Vaillant Organizations: CNBC, Netflix, Harvard, Development, Harvard Gazette Locations: England, Okinawa, Japan
Given this potential, the investment bank identified three of its buy-rated global stocks that are "well-positioned in the anime market." Netflix has also invested in its own anime content and turned "classic" anime series into live action productions. "We expect Netflix's anime strategy of licensing top performing Japanese anime series, as well as funding its own animated and live action anime series to continue into the foreseeable future," the bank's analysts wrote. The entertainment giant already operates anime planning and production company Aniplex in its music segment, and anime streaming platform Crunchyroll in its picture segment. Looking ahead, it wants to provide even more support to the anime industry, Jefferies' analysts wrote.
Persons: Jefferies, Sanrio, Bandai Namco Jefferies, — CNBC's Michael Bloom Organizations: Grand View Research, Bandai Namco, Marvel, Netflix, Sony, Sony Group Locations: Japan —, U.S, Europe
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