Forget Nvidia: 2 Tech Stocks to Buy Instead
These companies are more fairly valued and rely less on AI progression to drive business growth.
These companies are more fairly valued and rely less on AI progression to drive business growth.
A well-received financial update adds more momentum to this rising stock.
Netflix (NFLX) recently released its Q2 results, showcasing continued acceleration in both membership and revenue growth. Despite intense competition, the streaming giant remains dominant, with its scalable unit economics fueling even more significant earnings growth. This positive trend is expected to continue, which is likely to keep fueling the stock’s ongoing bullish momentum, even after its notable recent gains. Consequently, I remain bullish on NFLX stock. Q2 Results: Membership Growth Mom
(Bloomberg) -- Japanese stocks dropped and the yen rose as traders positioned for a potential interest-rate hike from the nation’s central bank, the highlight of an event-packed day in Asia. Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundTech Stocks Hit as Microsoft Down 6% in Late Hours: Markets WrapRich Hong Kong Families Sell
"We expect to remain overweight equities, with the correction leading to a buying opportunity," Ned Davis Research said.
