Netflix

Raising Our Target Price on Netflix

Filed in BP, earnings, GOld juniors, Gold Market, Netflix, o, shares, target, Uncategorized by on February 14, 2011 0 Comments

When Netflix hit a high of $145, we knew $200 wouldn’t be far behind, telling readers: “It looks like Netflix just broke above the channel… and could be headed higher. Considering future growth, an $8 billion market cap is nothing. We could see $10… even $20 billion when all is said and done with this stock. Plus, with the momentum crowd jumping in, and quickly churning that float, there’s no telling how high this can run.” But the NFLX run, we believed, was just getting started. And we were right… as the stock just hit $245. But, as The Wall Street Journal reports: “Not to be a stick in the mud, but it’s worth thinking about how far Netflix has climbed. The stock is up 287% over the last 52 weeks. In 2011 alone, the shares are up 39%. That enthusiasm has translated into nosebleedingly high valuations. The stock is trading 83 times the last twelve month’s earnings and 52 times the consensus expectations for the next 12 months, according to FactSet. Valuations like that entail a really high amount of risk. If the growth rate of the company starts to deviate even modestly from the sizzling rate Wall Street has priced in, the stock could get hammered. Of course, with the amount of momentum there is behind this stock, it could very well keep rising for quite some time. Just do yourself a favor and don’t bet the kid’s college fund on it, alright?” While we agree that NFLX is extremely overbought… it’s all about the blind momentum at this point. And it could push the stock to our new target of $300 by September. An outrageous call? Sure. But we were the same people that called for NFLX $200 when the stock traded at just $145. Raising Our Target Price on Netflix originally appeared

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Market Wrap-Up for Feb.2 (BRCM, TWX, MAT, HSY, CHRW, WHR, more)

The market is coming off a big first day of the month, which continues a recent pattern of big jumps at the start of each new month. We are still looking at quite a few candidates as possible additions to our Best Dividend Stocks List , and there were a couple of names that are a bit more aggressive (low yield, more stock price growth) which reported numbers last night. Lubrizol ( LZ ) and Jones Lang-LaSalle ( JLL ) saw investors embrace their results early on, but did close off intraday highs. Elsewhere, Time Warner ( TWX ) reported good earnings and raised its dividend, to boot. Dividend increases were a big theme today, with Mattel ( MAT ), Broadcom ( BRCM ), and Hershey ( HSY ) also joining the dividend increase parade. On the downside, we were seeing sellers pushing the eject button on C.H. Robinson Worldwide ( CHRW ) and Whirlpool ( WHR ) following those earning results. Lastly, a negative note on FedEx ( FDX ) from a Wall Street analyst pulled those shares lower. In some parts of the market (namely the Tech/Online space), we are seeing company valuations getting a bit out of hand. The resulting fallout from earnings results can be quite painful when companies with super-high valuations report — even if they meet analyst expectations. If you are…

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Netflix (Nasdaq:NFLX) in Another Blowout Quarter, Adds Another 3.1 Million Subscribers

Shares of Netflix (Nasdaq:NFLX) soared in after hours trading as the company had another blowout quarter, this time adding another 3.1 million subscribers. Netflix generated $47 million in earnings in the fourth quarter, or 87 cents a share, a gain of 52 percent over $31 million, or 56 cents a share in the same period last year. Analysts had been looking for 71 cents a share. Revenue soared 34

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Apple: Stock of the Year

Apple: Stock of the Year

Things were a lot easier when I was kid. Back then, all you needed was a pair of Jack Purcells and mood ring to fit in. Today, it’s an expensive pair of Nikes and some sort of iThingy. At least, that’s the case in my house— where my kids had been pestering me all year for the latest electronic gadget sprung from the minds of the folks at Apple Inc. (NASDAQ: AAPL ). And this year, my kids hit the trifecta. Against my better judgment, all three of them got an iTouch… which drives me up the wall, since they would rather fiddle with them than do practically anything else… I’ll be honest; it gives me a great deal of delight to confiscate them all for even the smallest infraction. But I am comforted to know they won’t be eating alone at the “nerd table” in the cafeteria when they go to school. In this case, it was something of a tradeoff, as Apple products seemed to be everywhere I looked this Christmas: from iPods to iTune gift cards, my family was certainly doing its part to keep Apple at the top of the stock charts. In that regard, we were just one family among millions… Stock of the Year That’s why, when it came time to choose my Stock of the Year, Apple Inc. was at the top of the list. Edging out a…

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Sell, Sell, Sell

Filed in BP, earnings, economy, Gold, GOld juniors, mongolia, Netflix, o, sov by on December 20, 2010 0 Comments
Sell, Sell, Sell

Here it is, the end of another fantastic year. The NASDAQ is up 26% over the last 52 weeks, the S&P500 is up 24%, and the DJIA is up 20%. Heck, it’s been a great year at Crisis & Opportunity as well. Readers have seen gains of 759% in a small Mongolian oil company, 52% on a cruise ship in a week, and 251% gains on a safety syringe maker. Lets face it: greed is back. The speculators have returned and the fast money is seeking risk. Froth is back There is no better example of this froth than the hot Chinese IPO’s Youku.com. Called the “Netflix of China,” it returned 161% on the first day. All sorts of companies are running. New Energy Technologies (NENE.OB)— one of Jeff Siegel’s picks — went from 0.31 to $3.29 in a month. And lastly, one of my garbage stocks, Madcatz (ASE: MCZ), a purveyor of video game accessories, shot up 250% in a few weeks. That type of momentum chasing doesn’t happen in bear markets; in fact it’s more indicative of a top. I’ve written before that this market is setting up just as it did in 2004. We are three years after a massive market correction. The Fed and Congress are doing everything they can to shoot money into the economy. We’ve just had a major stock market rally similar to 2003, and the vast spectrum of negatives from housing to jobs seems to be getting better… Here is what 2004 looked like: There’s a chart that will give you indigestion on the way to a 10% gain. Every rally was sold hard, blowing out the longs. Every dip reversed strong destroying the shorts. Double dip was the dominant fear. And every sell-off got run over by easy money from the Fed. Looking at this chart, there is no easy way to tell when a …

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Netflix (Nasdaq:NFLX) CFO Barry McCarthy Steps Down to Pursue Other Opportunities

Filed in ceo, Netflix, o, silver by on December 8, 2010 0 Comments

After helping guide Netflix (Nasdaq:NFLX) successfully through their IPO in 2002 and aid them in successfully navigating the changing entertainment distribution business, CFO Barry McCarthy has decided to step down from the position to pursue other business opportunities.Netflix Co-Founder and CEO Reed Hastings said, “We are lucky to have an executive with David’s proven financial skill and

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