Markets opened higher today after a three-day downturn. Netflix (NFLX) beat earnings and is helping the NASDAQ in early trading.
Netflix jumps 6% after reporting an amazing quarter and receives over 15 price target raises. The company has the recipe for what makes a streaming platform good.
Earnings season has been a mixed experience but the picture of the current economy is coming into focus. The consensus is that expectation needs to be lowered. On the other hand, we seem to be on our way past the worst. Will 2023 be a gangbusters year? Probably not.
Stocks to Watch
Elli Lilly (LLY) has an amazing pipeline of pharmaceuticals and has one of the best and most consistent dividends. A great stock in current conditions.
Johnson and Johnson (JNJ) is splitting its consumer goods and medical technology from the main company. This could create some value for an already great stock.
Happy Investing! The Punkrock Capitalist
Comments