3 Ways Netflix Stock Can Heat Up Again
There's been a clear shift in the market when it comes to Netflix (NASDAQ: NFLX). Sentiment has turned over the past month, and the bearishness may be somewhat warranted. Netflix fell woefully short of its new subscriber target for the second quarter, and that was followed by news that its catalog would be losing faves The Office and Friends to a pair of services that haven't even launched yet.
Throw in news that a major challenger launching in November has a bundle combining classic content, fresh network shows, and live sports at the same price point as Netflix's flagship streaming service, and it's easy to see why one of the hottest stocks of the decade is cooling down. The stock has declined by nearly 15% since last month's ill-fated financial update, falling 27% since peaking last summer.
This isn't the end for Netflix as a market darling. Let's go over some of the things that can happen to get the leading premium streaming service moving in the right direction again.
Source Fool.com
