Diamonds and Dogs

1/20/23

Netflix (NFLX) had a good day. The streaming giant rose 8% following earnings. Earnings were actually lackluster missing estimates by a wide margin as sales rose 1.9% to $7.85 billion. The good news came in subscriber growth adding 7.66 million new subscribers worldwide in the December quarter, ending the year with 230.75 million total subscribers.

Bed Bath & Beyond (BBBY) struggled today down 11% after the retailer announced that it received a notice from The Nasdaq Stock Market staying the company is not in compliance with continued listing requirements because it has not yet filed its quarterly results with the Securities and Exchange Commission for the period ending November 26, 2022.

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