Tag Archive: netflix

The Stock Market Rallies and we go over 12k

First off, I apologize for disappearing for a few weeks. I have been extremely busy and haven’t had much time to follow the stock market, let alone write an article about it. But now that I am back and I am happy to announce that yesterday, the Dow Jones finally went over the 12,000 mark like I had originally predicted several months ago. The picture above is what was shown yesterday. The Dow Jones is thankfully doing a lot better today. Although it didn’t rally today, it added onto the huge 3% rally from yesterday.

The Dow Jones currently sits at 12,231. It’s up almost 600 points since I last reported on October 14th. This is great news because it is a sign that the economy is doing better. We haven’t seen the 12,000 figure for months. The last time it was doing well, we were heading towards the 13,000 mark and currently that’s our goal. Our current objective is to stay over the 12,000 mark as we head to 13k.

The NASDAQ is also doing better than when I last reported. Although it dropped just under 1.5 points, it is still doing great. Currently the NASDAQ is at 2,737.  The S&P is also up, currently at 1,285, heading towards the 1,300 mark itself. And finally, the NYSE is at 7,803, almost a 500 point increase from October 14th.

The past two weeks have been great for the stock market. I do regret missing out on most of it but what can you do, life happens.

Before my small break, I was keeping an eye on Netflix. Two days ago, Netflix (NFLX) stocks dropped over 35% after they reported losing over 800,000 subscribers due to their company changes. That’s a huge drop. It hit a new low that day of $74.25 per share. Over the past two days, it has been recovering, but very slowly. Currently Netflix stocks cost $84.14 a share. It’s very surprising to see what was once a $300 stock to lose this much in this little time. Netflix has no one else to blame but itself for this.

So what’s happened to gold over the past 2 weeks?

It seems that Gold has been prospering too. I thought the price of gold would keep going down as the economy improved and the stock market went up, but it seems that gold has been riding along. Gold now costs $1,743 an ounce, compared to $1,680. It’s not a huge increase but an increase nonetheless.

Quite a bit has happened in my absence, I have tried to follow as much as I could but my schedule made it difficult. I am sorry for not bringing you more updates sooner. I will try to bring you as many updates as possible in the near future. Today is the end of the week and next week, the market will open into Halloween. Lets hope the issues in Europe continue to get better and the stock market’s momentum from this week moves over to the next. We could definitely use a big break as we head towards the Holidays.

So how was your two weeks? Are you happy with how the stock market has turned out in its rallies? Where do you think we will go from here?

Stocks Rally For Columbus Day

Stocks Rally on Columbus Day

by Danilo Rizzuti

Today turned out to be a great start of the week. The stock market rallied like there was no tomorrow. Most stocks saw decent gains, although some did see drops due to bad news. The rally came after France and Germany pledged to come up with a plan to help the banks of the region. Only the pledge has been made so far, I can’t wait to see what they have planned to help Europe get out of the economic depression. I also hope that they do something soon.

The Dow Jones gained almost 3%, or 330 points today. The Dow finished off at over 11,433. We are back where we were about two or three weeks ago. It’s almost as if we didn’t really go anywhere. But at least we are not where we were last week, about 400 points below the 11,000 mark.

The NASDAQ Composite gained 3.5% or 86 points. Finishing off at 2,566. The S&P 500 gained 39 points, or 3.4% finishing off at 1,194. And the NYSE gained over 247 points or 3.58%. The NYSE Finished off at 7,173, finally over the 7,100 mark once again.

Apple (AAPL) is one of the stocks to have seen a decent gain today. Apple stocks rose more than 5.1% today, or just over $19 a share. Apple is slowly bouncing back after the slight drop it saw after the passing of its co-founder, Steve Jobs last Wednesday.

But not all stocks saw gains. Sprint (S) is still in trouble. It reached a new 52 week low today at $2.10 per share. It dropped almost another 8% today after dropping several percentage points at the end of the last market week. Hopefully Sprint bounces back and it most likely will. Sprint stocks are very cheap now and investors could use this opportunity to buy low.

Netflix (NFLX) is another stock that is still suffering. Even after they announced scraping the plans for Qwikster, which was supposed to separate the DVD rental and Online streaming services from Netflix. Netflix Stocks dropped another 4.77%, or $5.59 a share. Currently, Netflix costs just $111.62, almost $200 a share below it’s 52-week high just a few months go.

And the last stock mention of the day is Eastman Kodak (EK). Kodak has had issues recently and at one point, their stocks were worth almost $0.50 each. Now they are holding steady at around $1.40. I still think that Kodak will pull out and become one of the great stocks that it used to be. Investors who are putting their money into the company now will probably benefit the most.

Today was a great day for the stock market. Lets hope that the momentum continues to tomorrow. This momentum push could help us get to the aimed 12,000 mark with the Dow very soon. I know the market is very volatile now and investors could start selling tomorrow to cash in on today’s rally, hopefully that doesn’t happen and investors keep investing. I also hope that more good news keep coming out of the global economy.

I hope you enjoyed Columbus Day. And if you are in Canada, Happy Thanksgiving To You!

Stock Market Remains Flat

by worradmu

Wall St showed gains early in the trading day but everything flattened down by the end. Investors are waiting to get news from the Federal Reserve to see if they will provide an economic stimulus to aid in the recovery process. Investors are also waiting to hear back from Greece and the talks they have been having in order to avoid a default. Investors want to see progress on all sides before making hasty decisions about investing. As a result of this, the stock market didn’t see massive gains or massive losses.

The Dow Jones was the only one from the major indexes in the US Market not to have gone down, however they only gained less than 8 points, which is basically close to nothing. They are still over the 11,400 mark but not by much.

The NASDAQ Composite lost just over 22.5 points while the S&P 500 lost only 2 points. The NYSE lost over 17 points.

Although the stock markets showed early signs of life, early signs of what could have been a big rally, it was quickly stopped by the time the market session came to an end. Most stocks showed no change however Netflix is another story.

Netflix (NFLX) dropped another 9.5% today, or $13.72 per share. As predicted yesterday, Netflix has continued to drop. The negative momentum from yesterday after their news regarding Qwikster carried over to today and it has cost them even more money. Netflix has reached a new 52 week low hitting $129.37 earlier today. Currently the stock sits in at $130.03 per share. Netflix shares have dropped about 55% since their original announcement of price increase for their product back in July. That’s a huge drop for any company and I was actually surprised to hear their new announcement yesterday regarding Qwikster.

So will Netflix stocks bounce back up? Or will Netflix stocks keep dropping?

I think for now, the downward momentum is still strong for them. Since it dropped almost 10% today, it may continue over to tomorrow (or for another few days). But remember, Investors love to buy low and they could use this opportunity to invest in a company that dropped in price by more than half because Netflix still has potential to go back above the $300 mark with ease.

Anything can happen. Today was very uneventful in terms of the stock market as a whole. Nothing was too crazy and everything was pretty flat. If good news comes out tomorrow, we can most definitely expect a rally but if bad news comes out, like Greece failing progress about their default, we could very well be on our way into another recession. But for now let’s think positive.

Unfortunately, the momentum from last week’s stock market rally did not carry over to this week. We start this week in the red after the stock market dives almost everywhere.  The dive comes after worries about Greece reemerges as people speculate that Greece will default. If they default, they will stop all payments to their lenders and stop making bond payments. It will hurt banks and it will send a shockwave throughout the Global Economy and we can most definitely look to seeing it in the US Markets.

I am hoping that this doesn’t happen because if it does, it’ll undo everything good that we have experienced last week (and perhaps more). The last thing we need right now is a country defaulting and sending stocks around the globe plummeting.

As for today, the Dow Jones dropped more than 108 points, sticking just over the 11,400 mark. The NASDAQ Composite dropped less than 10 points. You may think it’s not so bad, but it still dropped. The S&P 500 dropped almost 12 points while the NYSE dropped more than 113 points.

Today definitely was not a good day for the market, but we have seen worse. The markets were really down earlier today but the fact that it bounced back up a little shows that investors haven’t lost complete faith in Greece or the global economy. I believe that things will bounce back up. Like always, the market will fluctuate, there isn’t much that we can do, we can only try to predict but that’s harder than it sounds.

Out of the stocks hit hardest, the banking sector took a big hit today. Citigroup (C) dropped $1.28 per share or more than 4.4%. Bank of America (BAC) Dropped $0.24 or about 3.3%. JP Morgan Chase dropped more than 2.8% or $0.94 per share. The banking sector last week saw big gains and a lot of it has been undone in today’s fall. But not to worry, things will go back up as investors use this opportunity to buy low in order to sell high later in the future.

So What is Qwikster?

The Title asks the Question, what’s Qwikster?  Sounds like a service my Internet Service Provider provides that gives a speed boost. But no, it’s not that. Qwikster is Netflix’s (NFLX) new thing. Netflix earlier announced that they will be splitting up their service. Currently, you can stream movies over the internet and order DVDs by mail on the same plan. But now, you have to get them separately. If you only want DVD service, that’s when you go with Qwikster and if you want to stream your videos online, you sign up for Netflix.

Netflix Drops 7% on Monday September 19

by Yahoo! Finance

So how did this go for Netflix (NFLX) today? Not very well. The announcement sent Netflix stocks plummeting again. This time it dropped more than 7.3% or $11.44 per share today. It dropped another 1.77% or $2.55 per share in after hours trading. This drop sent Netflix dangerously close to its 52 week low of $140.02. Currently it’s price is $143.75 (not taking into account its drop after hours). This news will carry over into tomorrow and we can expect Netflix to see another drop in their stocks. They will most likely set a new 52 week low because investors are basically losing hope.

They have lost more than 50% of their market share in the past few months after announcing a change in pricing so what’s Netflix thinking?  They’ve lost about $8 billion after everything that has happened since their first announcement in July and it doesn’t look like they are done. I guess they are hoping people will adapt to their changes and come back to them in the future. I think they will get exactly what they want, but it will take some time. They have to allow people time to get  used to the changes.

Whatever happens, I still think that Netflix is a very strong stock and they will bounce back. As this stock which at one point was over $300 goes closer to $100, investors will look at this opportunity to buy low which should increase the stock prices. And as people get used to Netflix’s new prices and features and whatever Qwikster hopes to accomplish, I think they will start regaining subscribers and will still remain the top company in its field with ease.

Even if the stocks rallied today, Netflix would have gone down. And today wasn’t as bad as it could have been. I’m glad the losses were minimal and hopefully some good news comes out of Greece tomorrow. I know good news will send stocks rallying all over again and that’s exactly what we need in order to set aim for the 12,000 mark.

What are your thoughts on Netflix? What about Greece?

Stocks stay positive for the whole week

by jscreationzs

For the first time in a long time, we have had a full week of growth in the stock market. I honestly don’t remember the last time where the stock market went up every day for five straight days. Today marked the 5th straight day of winning in the stock market. Although I wouldn’t call today’s upward motion of the stock market a “rally” but it was still a positive days. Most stocks went up (although some still suffered losses) which resulted in another day of win in the sock markets all around the world.

The Dow Jones Industrial Average today finished with a gain of almost 76 points. It is over the 11,500 mark and it is getting closer and closer to our targeted 12,000 mark. There is still a long way to go and this weeks Rally of the stock market (after the 3 day slump we saw the week earlier), could trigger another sell off by investors because they may use this opportunity to sell at a moderately high price. Hopefully that won’t happen and investors continue to invest in businesses which would be great for everyone.

The NASDAQ Composite gained more than 15 points finishing at over 2,622 points. The S&P 500 Gained almost 7 points making this week the biggest gains for this Index since July. Currently the S&P 500 is at 1,216. And finally, the NYSE gained more than 19 points, finishing at 7,348 points.

Overall, today was a great day for the market. This turned out to be a great week for the market. I was hoping that the updraft in the market would stick for the whole week and it did. I had my doubts, especially earlier this week when we received bad news from Greece defaulting as well as losses here in the US. At first it seemed as if the negative trend from the prior week would continue into this week and I’m glad it didn’t. The little hope that we saw at the end of the Market day this past Monday triggered the rallies that we have seen all week long all around the world.

Lets hope that the momentum continues and goes over to next week and the following weeks to come. If consumers and investors keep doing what they have been doing this week, we will be on our way to economic recovery in no time. And if President Obama’s Stimulus plan actually gets passed and this time, actually works, we may see the unemployment numbers decline greatly in the next year. It would be great for President Obama with his reelection coming up and of course, it’ll be great for everyone else in the country as well.

Not all stocks prospered this week. I mentioned Netflix (NFLX) yesterday and how it dropped nearly 20 percent after reporting a loss of more than a million subscribers thanks to their new pricing. Netflix’s (NFLX) negative momentum carried over to today and it saw another big drop. This time a drop of over 8.3%, or $14 per share. It is getting closer and closer to its 52 week low. The drop wasn’t as big today as yesterday which could be a good sign that the drop will eventually stop and then slingshot back upwards. It won’t be the first time we have seen that and I won’t be surprised if Netflix recovers just as quickly. It is still a huge company with a lot of stock power in the market, I don’t think Netflix is going anywhere any time soon.

One stock that rallied and had a great day today was Amazon (AMZN). Amazon gained more than 5.5%, or $12.50 per share. It’s current price is $239.30. This week turned out to be pretty good for Amazon and the news from Netflix helped Amazon grow as well.

Unlike last week, I’m glad to saw that this week ended on a very positive note. Lets hope that everything continues into the coming weeks. The holidays are approaching soon and if we can get consumers to spend and investors to invest more, we should be able to pull ourselves out of the recession that we put ourselves in several years ago. Keep a positive mind out and we’ll be out of trouble in no time!

What do you think will happen to the stock market in the coming weeks? Will we be able to go over the 12,000 mark soon? Or will we plummet back below the 11,000 mark that we have fought for this week?