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

NEW YORK, NY / ACCESSWIRE / July 31, 2018 / Netflix shares entered red territory on Monday after reports revealed that Walmart is considering its own streaming service and is consulting with a cable-industry veteran over the service. Shares of Apple also saw a slight close in the red as Wall Street eagerly awaits the company’s third quarter financial results.

RDI Initiates Coverage on:

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

Apple Inc.
https://rdinvesting.com/news/?ticker=AAPL

Netflix, Inc. shares closed down 5.70% on about 17.5 million shares traded yesterday. The stock’s drop came after a Wall Street Journal report said that Walmart is considering entering the video streaming service and may be launching its own. According to the report, Walmart has been consulting with Mark Greenberg, a cable-industry veteran over introducing a streaming service that has programming and tier prices that would market to the middle of the U.S. The article made sure to note that there has not been any confirmation that the project is a go but a decision could be made by the end of the summer or early fall. Variety has reported that the streaming service’s content would be targeted at Middle America with a low subscription price. Walmart is considering an $8 a month price which is $2 cheaper than Netflix.

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

Apple Inc. shares closed down a modest 0.56% on about 18.7 million shares traded. The iPhone maker will be reporting its earnings after the bell today and Wall Street is anticipating the results and especially wants to find out when the company’s next-generation iPhones are expected. Analysts chimed in this week on what they are expecting. On average, analysts expect the company to report $2.18 a share with sales of $52.34 billion for the third quarter. Analysts are also expecting the company to report 41.8 million iPhone unit sales compared to 41 million in the year ago quarter. Timothy Arcuri, an analyst with UBS remarked, “Apple is having success moving buyers up the iPhone price curve.” According to the analyst, 26% of customers had paid over $900 for an iPhone in the March quarter. In the quarter a year ago, this figure was only 5%. Arcuri is expecting iPhone average selling prices to move up again in the September quarter. He has a “buy” rating on the stock with a $210 price target. Analyst Brian White with Monness Crespi Hardt remarked, “We are not expecting any fireworks during this earnings report given the uncertainty inherent with any new iPhone launch that is usually reflected in Apple’s September-quarter guidance, combined with an onerous foreign exchange headwind. However, we believe Apple’s strong software capabilities, expanding services business and unique digital ecosystem at large are increasingly being appreciated by the market. “The stock is up a little under 12% YTD and has seen gains of around 47% in 2017.

Access RDI’s Apple Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAPL

Our Actionable Research on Netflix, Inc. (NASDAQ: NFLX) and Apple Inc. (NASDAQ: AAPL) can be downloaded free of charge at Research Driven Investing.

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