According to Jefferies, Netflix stock is now rating as hold, not buy. Besides, the company set a new price target for $415.00 expecting Netflix shares to rise by up to 7.19% within the next 12 months.
The top picks for Cathie Wood’s Ark Innovation ETF include Tesla Inc which accounts for approximately 10.40%, closely followed by Coinbase Global Inc which represents 6.09% of the total assets under management.
With Bitcoin gaining 2.62% in the last 24 hours, shares of Coinbase and MicroStrategy may also begin to garner some points.
Investors are decidedly shunning risky assets and putting funds into growth stocks ahead of the proposed market stabilization era.
Government bond yields remained high with the two-year treasury adding 1.04% and the 10-year note hitting a high of 1.87%.
Netflix blamed increased competition from other streaming companies for the slowdown.
The figures Netflix posted seemed to affect US stocks as index futures performance was unbalanced between the DIJA, Nasdaq Composite, and the S&P 500.
Peloton stock has dropped 84.68%, 32.27%, and 74.46% in the past year, YTD, and three months respectively.
Through the Amazon app, users will have personalized information and save them time to select from a huge stack.
Sony is also likely to ink new acquisitions in the near future to solidify its position.
Morgan Stanley recorded net revenues of $14.5 billion and $59.8 billion during the fourth quarter and full-year respectively.
Goldman Sachs reported net revenues of $59.34 billion and $12.64 billion in the 2021 and fourth quarters respectively.
Amazon and Visa differed on interchange fees charged on merchants by the latter for processing digital transactions between the UK and the European Union.
Banking giant JPMorgan revealed a profit for the fourth quarter exceeded Wall Street’s estimates, but shares retraced by 3%.
The slump in the NVDA stock on Thursday was recorded despite the strides the company is making in the Chinese electric vehicle ecosystem.