Money manager says he’s buying Netflix (NFLX) because the stock is “insulated”
Recently I published a list 10 shares on Wall Street Watchlist. In this article, we will introduce Netflix, Inc. We’ll see where (NASDAQ: NFLX) stands against other stocks on Wall Street’s watchlist.
In its latest program on CNBC, Dan Niles, founder of Niles Investment Management, reiterated concerns about slowing AI spending, saying that major technology companies are already facing the impact of industry downbeat trends before the tariff war begins.
“When Mag 7 reported the December quarter or Calendar Q4, six out of seven people have already cut their March revenue estimates. So when the Fed is cut like last year, when no one cares, if the stocks are up, will the chart look good?” Niles said. “Stocks are high so we look forward to it and hope that all estimates will collapse again in the June quarter. When these companies reported the March quarter and when they reported the December quarter before all this tariffs were kicked, they were already in trouble.”
Niles said the companies were buying ahead of Chinese tariffs because they expected US obligations to come.
“All China can already see exports rose 12.4% over the entire month of March. People were expecting 4.6%. That’s a massive beat.
Read again: 7 best stocks to buy over the long term and 8 Cheap Jim Kramer Stocks to Invest.
In this article, we chose 10 shares that Wall Street analysts have been discussing recently. Each inventory mentioned the sentiment of hedge funds. Why are hedge funds interested in the stocks they accumulate? The reason is simple. Our research shows that mimic the top stock picks of the best hedge funds can outperform the market. Quarterly Newsletter’s strategy was to select 14 small and large caps per quarter, returning 373.4% since May 2014, surpassing the benchmark by 218 percentage points (For more information, please see here).
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Number of hedge fund investors: 121
Steve Weiss is the founder and managing partner of Short Hills Capital Partners, and is the latest program on CNBC, Netflix, Inc. He revealed that it is stacked on (NASDAQ: NFLX) and explained the reasons.
“When I watch Netflix, I also watch companies that are insulated. Netflix – people have cut the code, so what do they do before turning off Netflix?