
Netflix experienced an 11% increase in its stock price on Friday following a positive earnings report. This rise marks the first rebound in two months, with technical indicators suggesting a potential continuation of this upward trend and a target of $840 next. Analysts are optimistic, with some predicting Netflix's stock could reach $1,000 by next year. Meanwhile, Nvidia reached an all-time high, increasing by about 2%, bringing its market cap to $3.44 trillion. Apple also saw gains, with its market value nearing $3.6 trillion. Broader markets faced challenges as long-term bond yields moved higher.
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Tough day for broader market as long-term bond yields move higher again. But an all-time high for $NVDA. Up about 2%. Market cap now $3.44 trillion. $AAPL up a bit too. Market value nearly $3.6 trillion.
$NFLX to $1000 by next year? @QuasarMarkets CEO @qmbigbeat tells @NPetallides why last week’s Netflix earnings furthered his bull case for the stock: