Netflix Stock (NFLX)

I would continue to avoid buying (and “bottom fishing”) in Netflix ($NFLX) for the reasons I have previously mentioned: * Netflix has nearly saturated the domestic market (as well as many other developed countries). These markets are significantly more profitable than the non developed arena. * Future Netflix sales/profit growth will come from developing country …

Upside – $MEDS +30% (litigation settlement is expected to extinguish about $19 million of liabilities and retire 364,099 shares) – $USDE +17%, $PURR +7.0%, $MSTR +2.8%, $HOOD +2.2% (crypto and tokenization-linked stocks rise as Bitcoin rallies and regulators grant temporary relief for tokenized U.S. stock trading) – $STUB +6.0% (Citi upgrades to Buy from Neutral) …

Wells Fargo lowers Its Netflix ($NFLX) price target to $80 from $105. I continue to avoid this name. I remain concerned that the company has saturated the more profitable developed markets —profitability is markedly lower in the growth-developing markets. Position: None

* Uber ($UBER) * Disney ($DIS) * Netflix ($NFLX) Position: None

* And fading it… I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors. I am long some of the most non-consensus sectors. Consensus Longs: * Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different …