Netflix (NFLX) is down over 2%, or about $10 this morning. We’ve been seeing it flip flop back and forth for the past couple weeks so normally this would not merit a post, but Netflix is reporting Q4 earnings tomorrow. For those of you thinking Netflix will beat earnings tomorrow, today’s dip may represent a buying opportunity.
Personally, I’m cautiously optimistic about earnings tomorrow. Netflix has beat earnings the past few quarters to the tune of a huge jump in stock price, plus Q4 tends to be a very good quarter for Netflix as people buy subscriptions to go with the TVs and iPads they got for Christmas. But, given all the craziness that’s been happening with Netflix recently and its extremely expensive valuation metrics, I’m taking a small bet of only a few shares.
You can read more about my reasoning for buying here. Since the more research you can do the better, here are some other interesting articles for you analyzing Netflix’s earnings tomorrow.
How to trade Netflix after its earnings report (Tradingfloor.com)
Netflix (NFLX) Earnings Expected to Rise (Forbes)
Netflix Earnings: Can the Video-Streamer Outpace Amazon? (Motley Fool)
Netflix Earnings Preview: Two Million New Subscribers? (Benzinga)
3 Things to Watch for in Netflix’s Earnings Report (Motley Fool)