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NFLX Earnings Preview plus the End of an Era

 
   
     
   
 
APR 17 2023
 
 
NFLX Earnings Preview plus the End of an Era
   
DON YOCHAM
Fed’s Fading Pivot
 

Fed pivot hopes continue to fade.

A month ago, Fed Funds Rate futures contracts favored a pause at the current 475-500 bps target rate for the next Fed meeting in May.

Today, a 25 basis point hike to 500-525 is nearing 90%.
 
 
And the likelihood of another 25 bps hike on June 14 have gone from a mere 3.6% to over 25%.
 
 
The markets aren’t getting what they want from the Fed. And as long as data keeps coming in hot like today’s Empire Manufacturing number, you can push any rate-cut hopes well off into next year.

This is horrible for banks. Though for the conspiratorially minded among you, “horrible for banks” plays perfectly into this theme.

With the Fed pressing higher, the long-term earnings impairment all banks now face keeps getting longer. But the only true driver of banking’s future is continued near-term deposit flight.

Big Banks on the receiving end of last month’s deposit flight can’t afford to keep them.

Deposits will keep leaving the system. Big banks will have no choice but to dispose of assets like bonds and loans to pay those depositors. The Federal Reserve will have no choice but to step in and provide a more permanent home for those assets.

And the all-encompassing bank failures that sweep across the U.S. will mark the end of the Dollar-Dominated Era.

Take What the Markets Give You.
 
 
JEFFRY TURNMIRE’S MORNING MONSTER 🎥
NFLX Earnings
 
 
 

Netflix, Inc. (NFLX) reports earnings TODAY!

I’m longer term bullish, but earnings can be a roll of the dice. What effect will it have? Come find out what I see as I talk about the bullish and bearish case.

I will cover it all at 9:15am ET tomorrow on “Morning Monster.”

Every day, I livestream what I see as the day’s big movers. I cover specific stocks I expect to move. I give you my rundown on all the major indices. Plus, I’ll take your requests to give whatever you want a good look.

Be sure to join me every morning, at 9:15am ET right here. 

Jeffry
ROGER SCOTT
Literally 29X BETTER Than Buying the Underlying Alone
 

I love a good bargain, don’t you? 

Hefty bargains exist amongst the stock market thanks to a “pricing mismatch” I just discovered.

It requires traders to disregard the share price and focus on what I call “mismatch options.”

Here’s what I mean… 

We aim to target small moves, like 1% to 3%, and watch as the options pay 20X… 25X or even 30X more in just a few days.

Just like with XLP in October, it was stuck in the mud going nowhere fast.
 
 
But, anyone who had the inside scoop on this pricing mismatch would have known that all we needed was a tiny 1-3% move to land a big win.

And look how it played out.

The share price inched up a measly 2.9% over a handful of days.
 
 
Not much to see here.

But in the options market it was a completely different story…
 
 
It would have paid out a quick +83% in 72 hours. That’s an incredible 29X improvement over buying the underlying alone. 

Of course all investing carries risk which is why I always say never invest more than you’re willing to lose.

But this one single trade worked out and would have paid out ten times more than the S&P returns in a year in three days.

All from a stock that didn’t even move 3%.

So if you’re up for a good Bargain Hunt, I have plenty more where that came from in this brand new way to trade. 

Click here for more details. 

Roger Scott

The profits and performance shown are not typical. We make no future earnings claims, and you may lose money. These trades expressed are from historical backtested data in order to demonstrate the potential of the system.
MICAH LAMAR
A Quick Monday Update on AAPL
 
 
 

Apple Inc. (AAPL) ended the week strong. Looks like we had a double top around $167.

The MACD crossed down to the bears, but we’re not seeing it swooping down like it did back in late February. Instead, it’s moving sideways. 

I believe AAPL will also go sideways until earnings on April 26… trading between $160 and $170 for the next week. 

If the company beats earnings estimates, we could well see shares break out. 

Enjoy the rest of your week and I’ll be back with a review next Monday.  

Micah
GUY COHEN
JP Morgan’s Big Start to Earnings Season
 

JP Morgan (JPM) has fired the starting gun of earnings with a bang, with other financials taking encouragement. But right now, any of these recent gap-ups will need to consolidate in order to form a preferred trade setup.

Keep an eye on them, but don’t rush in.

As I go through my regular process, I see a market with more upside potential, but apart from the financials, other stocks are making rather heavy weather of things.

So, my guidance for the past two weeks of further short-term upside continues, with a number of our bullish setups having performed well, but there is a “but … ” in the equation.

Last week’s nuggets were decent, and I see more short term upside likely this week.

The Main Indices:

The SPDR Dow Jones Industrial Average ETF Trust (DIA) was last week’s best index performer, with the others sideways. Though the iShares Russell 2000 ETF (IWM) did have a positive Monday before returning to a rather fragile look despite holding the Monday gains.

Guy
   
 
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