Diamonds and Dogs
Netflix (NFLX) is expanding overseas. Netflix is jumping 6% to a new all-time high after beating earnings estimates and dramatically raising guidance for the first quarter thanks to new subscribers overseas driven by strong acquisition trends in their International segments. Plenty of upgrades with price targets as high as $175 a share. But not every analyst is convinced. Wedbush analyst raised their price target from $60 a share to $68 a share.
Rent-A-Center (RCII) is getting hit down 16% after comparable sales at its Core U.S. business fell 14.2%, while comps at its Acceptance Now stores, its more promising segment, increased 1%-2%. The company also said it expected to post a loss of $0.20-$0.30 per share, much worse than expectations of a per-share profit of $0.10. In the quarter a year ago, Rent-A-Center made a profit of $0.54 per share.