Yahoo Finance Today's Research Reports on Stocks to Watch: Netflix and Boeing
NEW YORK, NY / ACCESSWIRE / October 18, 2017 / Shares of Netflix hit an all-time new high before retracing to close in the red in yesterday's trading session. The streaming giant reported its third-quarter financial report after the bell on Monday and had some very strong numbers. Shares of the Boeing Company saw a slight drop after rival Airbus is planning to take a big stake in Bombardier's C-Series jet business.
RDI Initiates Coverage on:
Netflix, Inc.
https://rdinvesting.com/news/?ticker=NFLX
The Boeing Company
https://rdinvesting.com/news/?ticker=BA
Netflix, Inc.'s shares closed down 1.58% but still managed to hit a new high of $204.38 during intra-day trading yesterday. The stock also saw its trading volume explode to roughly three times higher than usual on Tuesday. Netflix reported its third-quarter earnings report on Monday afternoon after the bell. The company added 5.3 million new subscribers in its last quarter, which was way better than the 4.5 million that Wall Street had expected. Revenue for the quarter also grew 30% to $3 billion. The company's CEO Reed Hastings also finally made it to the Forbes' annual rankings of the richest Americans this year. He now has a net worth of $2.2 billion and is on the list next to other tech billionaires that include Facebook's Mark Zuckerberg. Netflix announced that it plans to spend a whopping $8 billion on content next year.
Access RDI's Netflix, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=NFLX
The Boeing Company's shares closed down a modest 0.44% on Tuesday with lackluster trading volume compared to average. It was a disappointing day for the company as it seems that its rival Airbus is planning on taking a major stake in Bombardier's C-Series jet business. This deal will give Airbus a majority stake in the company and secure the C-Series jetliner future and is the likely way out of the damaging trade dispute with Boeing wherein the U.S. Commerce Department has threatened to impose a 300% import duty. Boeing announced that Bombardier Inc's (BBDb.TO) C-Series jets could still be hit with high U.S. import duties despite being assembled in Alabama through an industry-changing deal with Airbus (AIR.PA). Boeing's general counsel, Michael Luttig stated, "Any duties finally levied against the C-Series... will have to be paid on any imported C-Series airplane or part, or it will not be permitted into the country." Shares of Bombardier closed the day up nearly 16% and hit a new high.
Access RDI's The Boeing Company Research Report at:
https://rdinvesting.com/news/?ticker=BA
Our Actionable Research on Netflix, Inc. (NASDAQ: NFLX) and The Boeing Company (NYSE: BA) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
