Diamonds and Dogs
Maybe there is something to this streaming thing. Netflix (NFLX) is up 3% bouncing off recent lows thanks to an upgrade with a new $650 price target. The analyst expects Netflix to add new subscribers by expanding globally while maintaining their competitive advantages in the streaming video space.
Travel and retail stocks taking a hit amid fresh Covid restrictions globally. Shares of Carnival (CCL) and Norwegian cruise lines fell 8% each. American Airlines (AAL) and United Airlines (UAL) dropped more than 7% apiece. Brick-and-mortar retailer Gap (GPS) also dropped nearly 8%.
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