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TheStreet Open House

'Fast Money' Recap: Turning on Netflix

NEW YORK (TheStreet) -- The S&P 500 finished flat on Wednesday but eBay (EBAY) and Netflix (NFLX) jumped in the after-hours following their earnings reports. 

On CNBC's "Fast Money" TV show, Guy Adami, managing director of, said the growth story is still intact for NFLX because domestic and international subscribers continue to grow. 

Jon Najarian, co-founder of and, said the company continues to build a bigger and bigger "moat," making it too difficult for traditional cable companies to fight back. He added that Amazon (AMZN) seems like the only company that could compete with Netflix. 

Dan Nathan, co-founder and editor of, said that sentiment seemed damped heading into the earnings report, with Netflix shares down 9% on the year. 

Josh Brown, CEO and co-founder of Ritholtz Wealth Management, disagreed about the negative sentiment, saying the stock is up 236% over the past 12 months. He added that without any real competition the stock will continue to trade with a premium multiple. 

Guest Tony Wible, managing director at Janney Montgomery Scott, has a $450 price target on the stock and said Netflix has more pricing power than the financial world thinks. He said content providers are not as big of a threat to Netflix in terms of pricing. Wible suggested the company will likely raise prices soon. 

Coach (COH) dropped on Wednesday after reporting a poor earnings result. Nathan said he would avoid the stock until it hits $45, where he would consider buying it. 

BlackBerry (BBRY) is up 14% for the year to date. Brown said investors could stay long the stock with a stop-loss at $8.50. 

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