3 Things Netflix Stock Needs to Get Right This Week
It's time for Netflix (NASDAQ: NFLX) to throw the market a plot twist that its recently scorched investors need. The leading premium streaming-video service reports quarterly results on Wednesday afternoon, and it's bumping up against a rough narrative.
The stock is trading lower in 2019, having shed 22% of its value since posting disappointing second-quarter results three months ago. The looming launch of rival services and a rare subscriber forecast miss last time out have been weighing on the shares. If Netflix wants to turn its fortunes around it will have to happen later this week, and only the out-of-favor entertainment giant can write its own Hollywood ending. Let's go over a few things that will have to happen to get the stock back on track.
Image source: Netflix.
Source Fool.com