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Goldman Sachs Upgrades Netflix to Conviction Buy

Goldman Sachs added Netflix (Nasdaq NFLX) to its “conviction buy” list, calling it “one of the best risk/reward candidates in the new communications/internet sector.” Goldman also said, “We continue to believe Netflix’s investment in content, technology, and distribution will continue to drive subscriber growth well above consensus expectations both in the U.S. and internationally.” – Investors Business Daily

Netflix NFLX Technicals

  • The stock is higher (+9.00 ~ $280.20) in pre-market trading.
  • Volume has been persistently bullish over the past six trading days, despite overall market weakness.
  • Targets are noted overhead, with major resistance at the 200d and VBP levels near 330 (+/-).
  • The stock officially cleared the 20d on January 2, remaining above for the past three days.
  • This should lead to a followthrough (F/T) trade today, Friday, provided the markets like what Powell has to say.


NFLX daily MarketSmith


NFLX 60 Minute

If price action clears the formidable resistance at 280.87, the trend will remain intact and targets will adjust to 284.21 and 294.74. Watch for volume, as it will be key at these levels. We would like to see block trades (in the trading room) confirming any long positioning over the coming days.


NFLX 60 Fry


From a programming standpoint, NFLX continues to please. The company continues to add new material, and proprietary content at a feverish pace, with nearly 50 new confirmed programs added in January 2019 alone.

IBD Fundamental Data – NFLX – Upgrade Makes Sense

The Investors Business Daily data confirms Goldman’s conviction buy decision. Earnings and sales drive a stocks price. Netflix (NFLX) has shown recent EPS % Change and a 3-year growth rate that persistently remains in the triple digit range are something we look for in potential candidates. Netflix has it in spades.




Ideal entries would come on a small pullback to (275.79) or a sustainable breakout above (280.87) today.

Join us for today as we discuss NFLX and other candidates during our LIVESTREAM broadcast. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,


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*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

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