“Netflix is going to be a great early indicator of risk appetite for these high-volatility growth names,” said Wedbush trader Joel Kulina. Its stock recently traded at 95 times expected earnings for the next 12 months, versus AMC Entertainment at 44 times earnings and Time Warner at 14 times earnings, according to Thomson Reuters data. Earnings for the entire S&P 500 are seen rising 12.2 per cent, bolstered by lower unemployment and fatter wages. In its quarterly report on October 16, Netflix added more global subscribers than analysts had expected. Netflix has forecast adding 6.3 million subscribers worldwide in the December quarter, which would bring its global customer base to nearly 115.6 million.

Source: The Express Tribune January 19, 2018 09:33 UTC