Diamonds and Dogs

12/29/22

Netflix (NFLX) pops on an upgrade. The streaming giant is up 4% as CFRA Research analyst Kenneth Leon upgraded Netflix with a 12-month price target of $310 from 225. The analyst believes the Netflix will outperform its streaming video rivals in the year ahead,

Cal-Maine has egg on their face. The largest producer and distributor of fresh shell eggs in the US is down 13% to a five month low following earnings. Cal-Maine reported record revenues of $801.7 million, up 110% year over year. However, earnings did miss estimates by a wide margin due to higher costs. Farm production costs were up 22% year over year, and the price of feed jumped nearly 30% from the year-ago period.

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