We Could Be Past Netflix (NFLX) Competition

Oppenheimer keeps outperform rating and $415 price target on Netflix (NFLX). Alex Coffey and Jenny Horne discuss NFLX as the Oppenheimer analyst note says that account sharing will be "meaningfully accretive" to NFLX's EBITDA. They note that 1Q engagement trending weaker than previous 2 quarters and that competitors are more focused on profitability which suggests we are past peak competition. They note that the stock took the escalator up and the elevator down, but is starting to regain again. Alex then demonstrates an example trade using NFLX. The trade type is buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.