uploads///netflix pixabay

What’s Hurting Investor Sentiment on Netflix Stock?


Jan. 22 2019, Updated 2:17 p.m. ET

Markets climbed on Friday

The stock prices of some of the big tech stocks as well as the broader market indexes climbed on Friday amid positive signals related to a potential settlement of the US-China (FXI) trade war. Also, investors got more hints that the Federal Reserve will be flexible on interest rates, which added to the market rally. Earlier on January 4, Federal Reserve chair Powell hinted at easing the future interest rate hikes. The Dow Jones Industrial Average gained around 1.38%, while the S&P 500 and the tech-driven Nasdaq Composite grew about 1.32% and 1.03%, respectively, on January 18. Despite optimism pushing up the broader market indexes, Netflix (NFLX) stock fell almost 4% on Friday.

Article continues below advertisement

Netflix’s stock price movement

Netflix’s stock price decline came as investors were disappointed with the streaming giant’s soft fourth-quarter results on January 17, 2019, after the closing bell. The online video streaming company failed to meet investors’ expectations on revenues in the reported quarter and projected weak revenue forecast for the next quarter.

Nevertheless, the stock was up 0.4% last week on the company’s announcement of a price hike on Tuesday. On a year-to-date basis as of January 18, Netflix stock gained 49%. In fact, among the so-called FAANG group of media and Internet companies, which consist of Facebook (FB), Amazon (AMZN), Apple, Netflix, and Alphabet’s (GOOGL) Google, only Netflix and Amazon have gained on a YTD basis. While Amazon stock was up 27.8% YTD, Facebook, Apple, and Alphabet declined 19.1%, 10%, and 4.9%, respectively, in the same period.


More From Market Realist

  • what credit cards can you get without a credit check
    New Program Aims to GEt Credit Cards to People Without Credit Scores
  • Man going into a tax preparation office
    Should I File a Tax Extension Before the Tax Deadline?
  • Thai Airways plane
    Thai Airways (TAWNF) Is Risky, Best to Avoid the Penny Stock
  • A "now hiring" sign outside a Popeyes restaurant, one sign that employers are having trouble finding employees willing to work for current wages.
    Why Employers Are Struggling To Fill Jobs Despite High Unemployment
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.