Do you want to know more about where to trade Netflix CFDs?
Just recently, Netflix investors were in shock after their shares plummeted 10% to $325.21 on the NYSE. This was the worst one-day drop in three years.
Netflix experienced a loss of 130,000 customers in the US. They missed their forecast with only signing up 2.8 million subscribers internationally, half of what they had predicted.
Related stocks on the S&P 500 declined as well like the set-top boxes Roku Inc. that delivers streaming service whose shares fell 2.5%.
Netflix sales grew to $4.92 billion or 26% missing predictions of $4.93 billion with earnings falling to 60 cents a share for the second quarter.
The American media-services provider blamed the much slower growth overseas, higher prices and a weak slate of TV shows. This has set up alarm bells that Netflix may be losing momentum as competitors are waiting in the background
Netflix to face strong competition
There are plans to introduce streaming services during this year from Netflix competitors Walt Disney Co. and Apple Inc. with Comcast Corp and AT&T offering the services to subscribers.
That’s not all…
Amazon is also one of Netflix’s biggest competitors. They own one of the biggest video distribution services, Amazon Prime, which has its own series of shows.
The silver lining
Analysts believe that this will make future growth harder even if they don’t steal Netflix customers away. And with the removal of popular content and the growing competition, Netflix could be dealing with a difficult time ahead.
But with the stronger line up of popular new shows this quarter, the streaming giant could see former subscribers coming back.
Here’s some good news for investors and traders:
Netflix is optimistic that they will be able to add 7 million subscribers this quarter thanks to the return of popular shows Orange is the New Black and Stranger Things.
Reed Hastings, CEO of Netflix, reportedly said at a news conference recently that the company is presently building amazing capacity for content and that their position is excellent and is in good shape.
Buy stocks now?
Analysts agree that this is a temporary hiccup for Netflix and Loop Capital advocated that investors should aggressively buy the stock especially now with the weakness of below $325 a share.
Netflix has been heavily investing and spent over $3 billion on programming during this quarter with another $600 million in marketing costs for their shows, spending $594 million more than it took in.
They are also reportedly going to attract customers in India with the introduction of a cheaper mobile-only package.
Predictions by analysts who believe that during the second half of this year, Netflix will have a blockbuster. This is due to the new season of The Crown and the release of new movies by directors Martin Scorsese and Michael Bay.
Netflix is predicting that they will have the best year in 2019 with customer growth, with predictions that they will reach 90 million customers in the US up from 60.1 million that they currently have.
Now with the weakness in Netflix stock at below $325 a share, it is an ideal time to trade.
With the leading Forex/CFDs service Plus500. Regulated and authorized for safe and secure trading, Plus500 offers optimal trading conditions for traders and investors.
Plus500 offers not only Netflix CFDs but also over 2000 instruments which include currency pairs, commodities, stocks, indices, ETFs and cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple to trade.
The cool thing is
You can trade CFDs (contract for difference) where you can speculate on the price movements from both the rising and the falling markets.
You also have a lot of leverage. Plus500 offers one of the highest leverage rates in the market of up to 300:1, which means that you have access to 300 times more opportunities. You can see why it has become increasingly popular amongst traders to trade CFD’s (Risk warning: Trading CFDs carries a high level of risk).
At Plus500, they give you all the tools necessary to make successful trades. Here are some of their perks:
- Powerful risk management tools
- Advanced and proprietary trading platform that is user-friendly and offers the option to trade not only on your computer but also on your mobile devices
- Professional customer service (now available on WhatsApp)
- Competitive Bid/Ask spreads and zero commissions
- Regulated by a number of financial institutions
- Live financial news, alerts and more
- Low minimum deposit of only $100
- Free demo account