This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

'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 stockmonster.com, said the growth story is still intact for NFLX because domestic and international subscribers continue to grow. 

Jon Najarian, co-founder of optionsmonster.com and trademonster.com, 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 RiskReversal.com, said that sentiment seemed damped heading into the earnings report, with Netflix shares down 9% on the year. 

Must Read: 'Fast Money' Recap: Negative Pre-Announcements

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. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $126.44 0.00%
FB $87.28 0.00%
GOOG $523.40 0.00%
TSLA $280.02 0.00%
YHOO $39.38 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs