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The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
A new report of the most-viewed television series in the 2024-2025 season shows Netflix Inc NFLX and Paramount Global PARA PARAA as winners across broadcast television and the streaming sector.
Bank of America analysts have raised their price target on ‘Buy'-rated Netflix Inc (NASDAQ:NFLX, ETR:NFC) to $1,490 from their earlier $1,175, citing continued confidence in the company's momentum and market positioning. With shares trading hands on Friday at about $1,190, the new target implies significant upside, driven by Netflix's dominant presence in streaming, expanding advertising footprint, and an upcoming wave of compelling content.
CNBC's Julia Boorstin joins 'Money Movers' to discuss Netflix leaning into live events.
By leveraging its vast movie catalog, Netflix Inc. (NASDAQ: NFLX) became the industry leader even before pivoting to original content.
US brokerages continue their bullish stance on Netflix as they see the streaming giant continue its dominance with its strong subscriber base, more live streaming events, and robust advertising revenue. Netflix's stock had hit its all-time high of $1,215.91 on May 28.
Most investors understand there's no actual mathematical benefit to a stock split. In the same sense that holding two $10 bills is the equivalent to holding one $20 bill, doubling the number of a company's outstanding shares simply cuts the value of those shares in half -- no net value is created in the process, no matter how many new shares are issued.
Consumer confidence rebounded in May, boosting the outlook for stocks like NFLX, JAKK, KTB, FOX and CHTR with rising earnings estimates.
Netflix Chairman Reed Hastings is joining the board of San Francisco-based artificial intelligence company Anthropic.
Fed chair Jerome Powell's words sure can move markets. And while Fed meetings and new commentary from Chairman Powell will surely have some investors biting their nails, it's worth noting that the market's immediate reaction doesn't always make the most sense.