Diamonds and Dogs
Netflix (NFLX) at new highs thanks to a bullish upgrade. The stock rose 2% as one analyst upgraded the stock with a $245 target saying in the next 3-5 years Netflix is likely to become the second biggest media company by revenue next only to Disney. Seems unlikely, but none of us saw Amazon taking over the retail space. Maybe Netflix will take over the media space.
Airlines are soaring. No dogs today. Delta (DAL) rose 5% breaking out to new highs thanks to better than expected earnings. The company beat estimates by 8 cents as revenue rose 8% beating estimates as well. Delta gave upside guidance for 2018, raising earnings to $6.35-6.70 from $5.35-5.70 a share. Delta said they are entering 2018 with significant momentum and every entity is delivering positive passenger unit revenue for the first time in five years, driven by a robust demand environment and improving business fares.