Today’s Research Reports on Stocks to Watch: Netflix and Under Armour

NEW YORK, NY / ACCESSWIRE / April 24, 2018 / Netflix shares closed in the red on Monday after the company revealed it would be raising $1.5 billion in debt to help it produce more original content. It was last week that the company reported a strong Q1 financial report. Shares of Under Armour jumped higher after receiving an upgrade as well as price target hike from Deutsch Bank.

RDI Initiates Coverage on:

Netflix, Inc.
https://www.rdinvesting.com/report/?ticker=NFLX

Under Armour, Inc.
https://www.rdinvesting.com/report/?ticker=UA

Netflix, Inc. shares closed down 2.77% on Monday on nearly 9 million shares traded. The streaming giant announced that it will be raising an additional $1.5 billion in debt in order to invest in its original content library as well as other things. The company officially stated, “Netflix intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions. This would be the second time in less than a year that Netflix is raising debt financing. It was last week that Netflix reported impressive first quarter earnings that revealed that 7.4 million new subscribers had been added. The company now has 125 million members worldwide. Our 125 million members provided us with $3.6 billion in streaming revenue in Q1,” Netflix wrote. “Our job is to spend this money wisely to increase our members’ delight.”

Access RDI’s Netflix, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=NFLX

Under Armour, Inc. shares closed up 4.43% on Monday with about 3.5 million shares traded. The athletic apparel company saw its shares jump after an analyst at Deutsch Bank upgraded the stock. Analyst Paul Trussell lifted his rating from “sell” to “hold” on the stock citing “rapidly growing” overseas business. He also remarked, “The opportunity to grow internationally on the top-line remains robust as Under Armour’s peers in the athletic space continue to produce outsized growth.” He wrote in a note to clients yesterday, “First-quarter and fiscal year 2018 earnings are attainable in our view, reflecting improved sell-through of new products and a commitment to cost reduction. While North American wholesale trends continue to face pressure, new accounts partially offset and we believe international growth remains robust as we note Under Armour’s peers in the athletic space recently produced outsized growth overseas, particularly in China.” Trussell also lifted his price target on Under Armour from $13 to $16.

Access RDI’s Under Armour, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=UA

Our Actionable Research on Netflix, Inc. (NASDAQ: NFLX) and Under Armour, Inc. (NYSE: UA) can be downloaded free of charge at Research Driven Investing.

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