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Netflix Earnings Play
Netflix announces earnings tomorrow and I have to be honest, I feel bearish through and through on it. There's just so many headwinds they are facing - password sharing backlash, cost cutting, improved competition, over-saturation in the streaming market, Love Is Blind live event issues, potential writer's strikes, etc. The question is this: does earnings depend on their past performance more than the future guidance they'll lay out? Time will tell.
0:00 - 0:42 Intro
0:42 - 3:34 Bear Case
3:34 - 5:06 Bull Case
5:06 - 5:33 The Chart
5:33 - 7:16 My Postion/My Plays
7:16 - 8:06 Final Thoughts
***Disclaimer: This is for educational purposes containing my personal opinions and approaches, this is not investment advice. All trades are made in my smaller accounts to accommodate reasonable expectations for beginning traders with smaller accounts.***
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