Netflix Inc. (NFLX)

Great. Continues to like it. Core of future streaming. Over time, it will get to a point where we all have various streaming packages. By far, the best value for its price. Great company. Good companies will find ways to get bigger, and gaming might be the ticket.

Traditional investment managers compare NFLX to other stocks and find it wanting. The last quarter was good, not great. Undisciplined investors are not bound by the normal rules of investing here. He salutes these investors--they don't care. They simply love the shows, like The Squid Game.

TAN: Tesla, Amazon & Netflix Netflix began by mailing DVDs, then sold content via subscription by pioneering streaming. Bears have whined about them burning through money to pay for programming, but NFLX offers a tremendous breadth of entertainment and disrupted the movie business. Nobody who has shorted NFLX will publicly admit it. Why did this sell off after a good earnings report? NFLX benefited from the Delta variant, because people stayed home. Also, their content has attracted viewers: Seinfeld and the hit Korea show, The Squid Game that two-thirds of all subscribers have watched (it's #1 in 94 countries). Buy this dip. Their headline numbers were solid with revenues blowing out expectations and driven by subscriber growth, which stalled earlier this year and kept the share price flat. Their Q3 subs of 4.4m beat estimates of 3.5m, though Europe, Asian and Middle East accounted for this beat and not North America. NFLX has risen because of sub growth, but North American subs are stagnating. He thinks that in the future the street will expect NFLX to monetize, starting with video games and merchandising. NFLX is up 16% YTD. NFLX's recent rally was merely catching up to FAANG after stagnating most of this year. He sees more growth ahead.

They report Tuesday. They should have a ton of new subscribers, driven by the hit Korean show, The Squid Game.

Been rallying lately There's a graveyard of Netflix shorters. Netflix has been investing heavily in new content. $545-607 is her trading range, and shares are in a bullish formation, so it can go higher.

It's been rallying. He believes in the current break-out. In the past year the stock didn't go down, but flatlined, rested. The bigger the base, the higher the space and this can go higher.

The fundamentals are a little challenged. Their last earnings saw a slight miss and that resulted in volatility. In-flows back into tech overall show that people are comfortable with high PEs. However, this stock is approaching 52-week highs, so how further can this go? He's cautiously optimistic.

The current low-rate environment helps megacap tech like Netflix. He's lukewarm on the name though. It could trade down 10% which would be a great buy, not now. He'd sell it now, in fact. The stock is up only 9% but is overbought.

Rallied 2% today after being sideways since last summer. Could be breaking out now. Headed by a brilliant CEO. Finally, we're seeing the second wave of Netflix.

Competition is the biggest concern. Continuing to put out new shows and contents. Will continue to be a good stock probably. You will get some disappointing quarters but you can pick up some shares when there is a pullback. Should continue to innovate.

(A Top Pick Aug 26/20, Down 6%) Continuing to do well. Dominant online streaming provider. Trading sideways since last year, just like other tech. Global expansion remains a driver. Still likes it. Reopening could affect it. If there's an uptick, he may want to take profits.

It's a terrific business, though the stock slipped after yesterday's earnings. They're buying back shares, but he doesn't care--he'd rather see more sign-ups. Nor does he care about them entering mobile games at no extra charge. It lacks growth to remain in FAAANG. He wants the Netflix of old. He wants to see their production slate to decide.

It's uniquely positioned to draw in more sub-growth to its core business from its new streaming-gaming business, which is icing on the cake for them. Detractors point to mixed results of this roll-out, but he sees upside here.