Listen: Netflix, Reed Hastings And IBM discussed on Best Stocks Now
"Talk about Netflix. Don't we will? I told you. Netflix would be a big one everybody watching Netflix. I would say it's kind of a mixed bag on the results. The stock initially the beat earnings by nineteen cents. They beat on revenues. But then they started talking about their q two which were in now Q two quarter to subscriber outlook. Okay, and they were a little bit light on that subscriber outlook. But having said that the stock was initially down four percent this morning. It was up and right now, I'm gonna call it even his down two dollars per share after being up ten dollars per share yesterday. But listen to this over the last five years while IBM's earnings have been going down by five percent per year. Net. Flicks is earnings have been growing by fifty two percent per year. Right. There's a big difference. What would you rather have negative five percent per year or plus fifty two Netflix is looking for fifty one percent growth in this year? Fifty seven percent growth in earnings next year. The only thing I would say that's a little disturbing to me here. Is the deceleration in sales growth and the deceleration in earnings growth. There would be the worrisome. Sign out there. Netflix is currently a one hundred fifty six billion dollar company one hundred and fifty six billion dollar company, of course, Amazon is now in the live streaming business. And now you've got Disney coming into the live streaming business. So we'll see what becomes of Netflix. Netflix has been the thing. I would say about Netflix is the CEO has done a pretty good job of adapting and keeping that flicks out in front of the pack. You know, I mean. If you think of how net flicks has grown since the idea of mailing to you DVD's. Right. That was the original deal. Look, we'll mail these DVD's to you. Compare that to word net. Flicks is today, and you got to see that Reed Hastings is pretty much. A visionary. Is"