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- April 18 Stock Market Update - Netflix blows past paid subscriber count
April 18 Stock Market Update - Netflix blows past paid subscriber count
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Mukund Mohan
April 18, 2024
Market
“Netflix blew past paid subscriber estimates recording 9.3M new subs vs 4.5M estimated. EPS at $5.22 and revenue at $9.37B - both above estimates. The stock moved lower after hours by 4% on run up to earnings ” 😗 🫡
All 3 indices down today & trend is negative , so going long will hurt in the short term
I am covering some of my shorts and now taking a more neutral position, but some great opportunities still exist especially in overvalued SaaS companies.
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Tech was poor driven by $MSFT $ORCL and $CRM
Nvidia had a good tactical bounce, Google and Meta continue to show strength to earnings.
Insights from the portfolio
Video of the day
I will be reducing my free public video updates to one a week. The rest will be only for subscribers. You can subscribe for my videos alone if you wish on YouTube by clicking on the Join button on my channel.
Today’s video is on $NXT Nextracker the Solar tracking company.
Deep dive of the day
Today’s write up is on $SEDG Solar Edge the home rooftop solar company.
Good setups for swing
We have 2 swing opportunities in this down market, which you can get by paid subscription.
