I know all the classic gangster flicks by heart…
The Godfather, Casino, Goodfellas, Scarface, The French Connection…
The list goes on and on.
Needless to say, I was very excited to sit down over the holiday weekend and finally watch Martin Scorsese’s The Irishman.
Three-and-a-half hours of pure cinematic gold, in my humble opinion. And I’m not the only one who seems to think so:
Netflix Winning an Oscar?
A few years ago that would be unthinkable. For years Netflix and its streaming counterparts were effectively locked out of the mainstream media award circuits.
The unique rules and requirements for Oscar or Emmy consideration meant content had to be original and in the case of movies also had to have a theater release. Two things Netflix was not doing in its early years.
Today, however, Netflix is not only a massive media jukebox, but also an original content creator. And a great one at that.
Since moving into the realm of content creators, Netflix has pumped out some incredibly popular award-winning content.
If The Irishman sweeps at the Oscars, kiss what we know as Hollywood goodbye.
As for Netflix stock…
A Bull Case for NFLX
It’s been a tough second half of the year for Netflix owners. The stock has shown to be quite sensitive to headlines related to its competitors. The Apple TV and Disney+ debuts, for example, both impacted shares negatively.
Then of course there were weaker-than-expected subscriber data from its most recent earnings.
But all that aside, we still see some big upside potential for NFLX.
Speaking to our resident trading expert Greg Guenthner, he notes Netflix is continuing to work on a constructive base following a difficult third quarter when shares tanked almost 35%.
Greg further states:
“Despite a wild year, I wouldn’t count Netflix out just yet.
“If history has shown us anything, it’s that this stock can rally 30–50% in a matter of weeks if conditions are just right. We’ll be watching…”
And you should be too. The future for Netflix looks bright.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily