Trading Strategies For Netflix Stock Before And After Q2 Earnings
Portfolio Pulse from Melanie Schaffer
Netflix, Inc (NASDAQ:NFLX) is set to release its Q2 earnings report after the market close on Tuesday. The company's stock has been trending higher since March 13, surging about 66%. For Q2, analysts expect Netflix to report earnings per share of $2.85 on revenues of $8.29 billion. The company's stock looks neutral heading into the event, trading in an inside bar pattern but with its relative strength index trending in overbought territory. A negative reaction to their earnings print could increase volatility in the stock market.
July 19, 2023 | 7:11 pm
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Netflix's Q2 earnings report is expected to be released on Tuesday. The stock has been trending higher since March, but is currently in a neutral position. A negative reaction to the earnings report could increase volatility in the stock market.
Netflix's stock has been trending higher since March, indicating a positive investor sentiment. However, the upcoming Q2 earnings report could potentially disrupt this trend. If the earnings report is negative, it could lead to increased volatility in the stock market, potentially impacting the stock's price.
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