NEW YORK (TheStreet) -- On balance, it was a relatively quiet Monday on a week that promises some intrigue as several heavyweights release earnings later on.
Monday after the close, Netflix (NFLX) released their Q1 results to rousing applause, as investors sent shares up as much as 8% from the closing print at the time of this writing.
Traders liked the earning beat, but liked the prospect of higher prices for Netflix's streaming service even more.
$NFLX 373+ in after-hours trading. Beat on EPS, in-line with rev exp. Rallying support around increased membership fees for new members.-- Marc Rillera (@mrillera) Apr. 21 at 02:28 PM
About time $NFLX raised prices.
-- Howard Chang (@oghowie) Apr. 21 at 02:30 PM
But it shouldn't be understated that many quick-trigger traders had their fingers on the sell button if Netflix offered any hints that metrics weren't trending favorably:
$NFLX Solid report. No surprises. Everything going as expected.-- Dominic Jones (@irwebreport) Apr. 21 at 02:13 PM
This is leading some to speculate that an "all-clear" signal may have sounded, which could send the thundering herd of analyst upgrades into action:
$NFLX should get about 10 upgrades overnight.-- TopstepTrader (@TopstepTrader) Apr. 21 at 02:11 PM