Portfolio update: October (1)
βBe greedy when others are fearful."
π Warren Buffett π
π’ Netflix is dropping, I'm buying. π’
Elon Musk is once again criticizing Netflix, and the market is reacting nervously. The stock is falling. But:
β οΈ Netflix continues to deliver strong financial results, keeps innovating, and remains the go-to choice for millions of viewers worldwide. Honestly, I can't imagine people streaming anything else. Netflix is still the synonym for entertainment.
β οΈ The company is expected to earn (Q3) over $11.5 billion, which is 13% more than a year ago. Profit is projected to be up to 27% higher compared to the same period last year.
β οΈ Theyβre benefiting from a strong lineup of series like Squid Game and Wednesday, as well as growing interest in the more affordable ad-supported plan.
β οΈIf the stock drops further, I see it as an opportunity. Not a problem.
Jozef
$NFLX (Netflix, Inc.)... Show More
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