Diamonds and Dogs
Netflix (NFLX) remains red hot. The streaming giant is up 6% to new highs as Goldman Sachs upgrades the stock predicting that Netflix has added over 12 million new subscribers verse estimates of 7.5 million new subscribers. The analyst raised his earnings estimates and price target to $670 a share, or 25% above current levels.
Analyst calls Beyond Meat (BYND) a fad. The meatless meat company is down 3% on a downgrade due to speculation that demand is waning while competition heads up. The analyst went on to say the alt-meat products may be more environmentally friendly but are not much healthier than real meat.
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