Diamonds and Dogs
Netflix (NFLX) is on a roll. What some are calling the second coming of Disney, Netflix is up 2% on an upgrade today and up 60% year to date. Piper Jaffray analyst, Michael Olson raised his 12-month price target to $360 from $319. After analyzing Google search trends for Netflix through the first quarter of 2018, Olson wrote in a note to investors that the streaming giant could add more international subscribers in the quarter than expected. Netflix is currently growing around 10% to 13% domestically, but could grow 40% to 50% year-over-year internationally. The icing on the cake, Obama and his wife, Michelle are reportedly nearing a deal to sign with Netflix to produce a series of shows.
Mattel (mat) sinks on news bankrupt toy retailer, Toys "R" Us is preparing to liquidate its U.S. stores rather than restructure its debt. The toymaker is down 8% not far from a 52 week low even though Toys "R" Us accounts for only 9% of their sales last year. SunTrust RH analyst, Michael Swartz is maintaining his earnings estimates for Mattel and Hasbro for now, but expects a "downward bias" in the near term.
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