Tackle Today: Stock of the week: Netflix
August 28, 2019
≈ In the middle of ‘World War +’ ≈
There is a story that goes around like this:
— Good morning, Mr. Antioco.
— Good morning, Mr. Hastings.
— Nice to meet you.
— A pleasure to meet you.
— Look, Mr. Antioco here’s my proposal, let me know what you think: From now on I will run your brand online and you will promote mine in your stores. Sounds fair?
— HAAHAHAHHAHAHAHAHAHAHAHAHAHHHAHAHAHAH!!!!
End of story.
The year was 2000. Reed Hastings was one of the founders of a newborn company called Netflix. John Antioco was the CEO of a well-established brand called Blockbuster.
Oh, the break of paradigms.
Fast-forwarding almost 20 years, now we are in the middle of the “World War +”. Seems that everyone now has the perfect solution to keep you at home staring at your TV set like a zombie. According to reports, Apple has committed to spending more than $6B on original TV shows and movies for its upcoming Apple TV+ service. Apple wants to beat Disney+ and both want to make Netflix the next Blockbuster.
You voted you got it: Netflix Inc. (NASDAQ: NFLX) is the Stock of the Week on Tackle’s Instagram.
Go to our profile and check the analysis done by Coach Noah Davidson. Although on a descending wedge pattern, the context of the chart is screaming BEARISH.
Go check it out!
Chart of the Day
The generation gap
The infographic above shows the average daily TV consumption of American adults, grouped by age.
No wonder there is a ‘World War +’ going on.
(Source: statista)
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