Shares of Netflix (NFLX - Free Report) popped over 4% in after-hours trading Thursday because… well… nobody quite knows why. Of course, the internet decided to fill in the gaps itself, and now the investment world is buzzing about the potential for the video streaming giant to move into China or perhaps be taken over.
The prevailing Netflix rumor recently has been that a company like Disney (DIS - Free Report) may be interested in purchasing the video streamer. Disney and its television networks have been hurt by subscribers switching over to Netflix and ditching live TV all together. The company desperately needs to get people watching ESPN again, but some think an easier solution would be to just snatch up Netflix while it can.
Of course, that rumor might make a little more sense had Disney not just partnered up with Netflix to make the Los Gatos, California-based company the exclusive online streaming provider of Disney content. I guess I’m just scratching my head over why that move would happen if Disney knew it would be making an offer on Netflix soon regardless.
The next big rumor surrounding Netflix is that it will make a deal to enter China soon. Here we actually have a little bit of something real to go off of. Speaking at a media event in Seoul today, Netflix’s chief content officer Ted Sarandos said “Since China is a great opportunity, we continue to look into China,” Reuters reports.
Even still, Netflix continuing to “look into China” is far from Netflix striking a deal to enter the country. Of course, China is known for its strict censorship and content laws, typically favoring Chinese content over that of foreign companies and producers.
If anything, today’s after-hours activity is another example of an extremely antsy market. Investors are quick to trade on any bit of news they get, even if that news can’t be confirmed.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Shares of Netflix (NFLX - Free Report) popped over 4% in after-hours trading Thursday because… well… nobody quite knows why. Of course, the internet decided to fill in the gaps itself, and now the investment world is buzzing about the potential for the video streaming giant to move into China or perhaps be taken over.
The prevailing Netflix rumor recently has been that a company like Disney (DIS - Free Report) may be interested in purchasing the video streamer. Disney and its television networks have been hurt by subscribers switching over to Netflix and ditching live TV all together. The company desperately needs to get people watching ESPN again, but some think an easier solution would be to just snatch up Netflix while it can.
Of course, that rumor might make a little more sense had Disney not just partnered up with Netflix to make the Los Gatos, California-based company the exclusive online streaming provider of Disney content. I guess I’m just scratching my head over why that move would happen if Disney knew it would be making an offer on Netflix soon regardless.
The next big rumor surrounding Netflix is that it will make a deal to enter China soon. Here we actually have a little bit of something real to go off of. Speaking at a media event in Seoul today, Netflix’s chief content officer Ted Sarandos said “Since China is a great opportunity, we continue to look into China,” Reuters reports.
Even still, Netflix continuing to “look into China” is far from Netflix striking a deal to enter the country. Of course, China is known for its strict censorship and content laws, typically favoring Chinese content over that of foreign companies and producers.
If anything, today’s after-hours activity is another example of an extremely antsy market. Investors are quick to trade on any bit of news they get, even if that news can’t be confirmed.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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