[h=1]Netflix's stock falls toward longest losing streak in nearly 10 months ahead of HBO Max launch[/h]<time class="timestamp timestamp--pub" style="box-sizing: inherit; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px; padding: 0px; border: 0px; font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 1.28571rem; line-height: 1.25; font-family: Lato, sans-serif; vertical-align: baseline; color: rgb(106, 106, 106); display: block;">Published: May 26, 2020 at 2:45 p.m. ET
Shares of Netflix Inc. NFLX, <bg-quote field="percentchange" format="0,000.00%" channel="/zigman2/quotes/202353025/composite" class="negative" style="box-sizing: inherit; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">-3.79%</bg-quote> dropped 3.0% in afternoon trading Tuesday, as the streaming video giant extended the pullback that appears to have been fueled by growing optimism over the easing of COVID-19-related lockdown restrictions. The decline comes a day before the launch of rival HBO Max, which is AT&T Inc.'s T, <bg-quote field="percentchange" format="0,000.00%" channel="/zigman2/quotes/203165245/composite" class="positive" style="box-sizing: inherit; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">+3.16%</bg-quote> new streaming service. The stock was headed toward a six-straight decline, which would be the longest such streak since the six-day stretch ending Aug. 5, 2019. Meanwhile, CFRA analyst Tuna Amobi affirmed the buy rating on Netflix's stock. Prior to the losing streak, the stock had benefited from stay-at-home measures related to the pandemic, as movie theater closures helped fuel interest in streaming services. Benchmark analyst Matthew Harrigan, who rates Netflix a sell, said last week that he was worried the stock could be vulnerable to rotations away from COVID-19 safe-haven names. While Netflix's stock falls, AT&T shares gained 3.7% and the S&P 500 SPX, <bg-quote field="percentchange" format="0,000.00%" channel="/zigman2/quotes/210599714/realtime" class="negative" style="box-sizing: inherit; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">-0.48%</bg-quote> surged 1.9% Tuesday to top the 3,000 mark for the first time since March 5.</time>
Shares of Netflix Inc. NFLX, <bg-quote field="percentchange" format="0,000.00%" channel="/zigman2/quotes/202353025/composite" class="negative" style="box-sizing: inherit; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">-3.79%</bg-quote> dropped 3.0% in afternoon trading Tuesday, as the streaming video giant extended the pullback that appears to have been fueled by growing optimism over the easing of COVID-19-related lockdown restrictions. The decline comes a day before the launch of rival HBO Max, which is AT&T Inc.'s T, <bg-quote field="percentchange" format="0,000.00%" channel="/zigman2/quotes/203165245/composite" class="positive" style="box-sizing: inherit; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">+3.16%</bg-quote> new streaming service. The stock was headed toward a six-straight decline, which would be the longest such streak since the six-day stretch ending Aug. 5, 2019. Meanwhile, CFRA analyst Tuna Amobi affirmed the buy rating on Netflix's stock. Prior to the losing streak, the stock had benefited from stay-at-home measures related to the pandemic, as movie theater closures helped fuel interest in streaming services. Benchmark analyst Matthew Harrigan, who rates Netflix a sell, said last week that he was worried the stock could be vulnerable to rotations away from COVID-19 safe-haven names. While Netflix's stock falls, AT&T shares gained 3.7% and the S&P 500 SPX, <bg-quote field="percentchange" format="0,000.00%" channel="/zigman2/quotes/210599714/realtime" class="negative" style="box-sizing: inherit; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">-0.48%</bg-quote> surged 1.9% Tuesday to top the 3,000 mark for the first time since March 5.</time>
Moody's downgraded them today: https://www.moodys.com/research/Moo...uding-CFR-to-Caa3-outlook-negative--PR_423256
ERI - Picking up Caesars will do well for them. They will turn into a powerhouse casino in North America.
VIAC - CBS sits on a ton of content and distribution. Look for big players to make offers to pick them up in the coming months. And even if they dont....CBS All Access could make a splash in the streaming wars that could do things for their stock price. Good things.
VIAC - CBS sits on a ton of content and distribution. Look for big players to make offers to pick them up in the coming months. And even if they dont....CBS All Access could make a splash in the streaming wars that could do things for their stock price. Good things.
