Diamonds and Dogs
Chip stocks keep pushing higher. New year, same old story. Intel (INTC) is 3% to new highs following an upgrade. Cascend Securities upgraded the stock due in part to stronger data center demand in the supply chain. The new price target is $75 a share.
Pullback in Netflix (NFLX). The streaming giant is down 3% to a one-month low following earnings. Netflix added 8.76 million new streaming subscribers in the fourth quarter, topping Wall Street's expectations, but saw slower growth in the U.S. Netflix admitted the low membership growth in the U.S. and Canada was probably due to our recent price changes and U.S. competitive launches.