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🔔Mid Day Trading Update🔔
📅Monday 16/5/2022📅
🟢Bullish Activity🟢
$NFLX
Shares move higher this morning after Wedbush upgraded the online streaming giant to Outperform from Neutral and reiterated its $280.00 price target on the stock. Wedbush analysts stated, “We think that Netflix is positioned to exceed its guidance for Q2, particularly because of the staggered release date for Ozark.” In addition, while the analysts don’t expect rapid changes at the company, they believe the upcoming ad-supported model, in addition to the company’s crackdown on password sharing, have the potential to drive significant revenue generation. The May 20th 200.00 call being the highest volume contract.
$CVNA
Also to the upside after the online used-car retailer said on Friday that it expects to report significant positive EBITDA for 2023 and outlined plans to curb spending. After recording around $220M in capital expenditures for the first quarter, the company said that it plans on slashing its bud