Diamonds and Dogs
Netflix (NFLX) is one of the few stocks trading higher this morning. Netflix is up 2% thanks to an upgrade and a new price target of $176 from $136 this morning. Doug Mitchelson, at UBS upgraded the stock to buy from neutral. Despite a period of fewer original content releases, Mitchelson wrote he sees upside to Netflix's subscriber guidance given growth in Europe and Latin America, as well as modest improvements in Japan. Netflix, after reporting adding 7.1 million subscribers in the most recent fourth quarter, is guiding for 5.2 million additions for this quarter.
Bird flu is back! Tyson Foods (TSN) is down 3.5% after U.S. officials confirmed on Sunday that they found a strain of bird flu on a Tennessee farm contracted to Tyson. The company -- known best for its Tyson chicken nuggets and Jimmy Dean breakfast sandwiches -- said in a statement on Sunday that the outbreak is a "bird health issue and not a food safety or human health concern."