Netflix gains as other FAANGs slide and analysts see fewer risks [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
Netflix gains as other FAANGs slide and analysts see fewer risks Netflix Inc. ( NFLX.O ) shares rose on Thursday, bucking a sharply negative tone for the broader market as the video streaming company extended a recent stretch of outperformance. The stock rose as much as 3 per cent in its fifth advance in six days. The other FAANG stocks -- Facebook, Apple, Amazon, and Google-parent Alphabet -- were all solidly lower on Thursday, led by Apple, which plummeted 10 per cent after it cut its revenue outlook. Facebook fell 3 per cent, while Alphabet and Amazon both lost more than 2 per cent. Apple’s lowered view was the latest negative headline to pressure a FAANG company. Facebook has been struggling with a number of controversies and the prospect of greater government regulation, while both Amazon and Alphabet disappointed in their most recent quarterly reports. Netflix, in contrast, has avoided such negative narratives, and while the stock hasn’t been immune from the FAANG sell-off -- it
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