Diamonds and Dogs
An upgrade for Netflix (NFLX) has the stock up 2%. Everyone and their brother is staring up their own streaming services. Apple this week announced their own Apple TV+ service for $4.99 a month. Netflix stock is down over 20% in the last two months, but today the stock is higher. The Piper Jaffray analyst reiterated his buy rating and a $440 target saying he expects in-line domestic sub adds and potentially upside for international subscriptions.
Turns out vaping is not good for you. Tobacco company, Altria (MO) which owns35% stake in the e-cigarettes company Juul, is down 2% today and down 35% in the last year. The government is looking into regulating e-cigarettes further following a growing number of vaping health issues. The government is considering banning mint and menthol flavors e-cigarettes which represent 85% of Juul sales. Yikes.