Diamonds and Dogs
Netflix (NFLX) trading at all-time highs. The Internet television network is up 9% thanks to better than expected subscriber growth. The earnings actually were not great missing estimates on in-line revenue. Revenue did rise 32.3% year/year to $2.79 billon, but the company continues to bleed money with negative $2.0 billion to $2.5 billion cash flow for the full year. But shareholders and analysts for now don't seem to care. At least five upgrades with price targets as high as $210.
HOG Harley-Davidson (HOG) disappoints again. The stock is down 10% to a 52 week low following earnings. The company did beat, but misses on sales and lowered guidance for the rest of the year. US retail motorcycle sales were down 9.3 percent compared to the year-ago quarter. Harley-Davidson revised its full-year guidance for motorcycle shipments and now expects to ship 241,000 to 246,000 motorcycles to dealers worldwide in 2017, which is down 6 percent to 8 percent from 2016.
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