Romance Industry

Why Match Group Stock Gained 12% in the First Half of the Year

Investors were falling in love with Match Group (NASDAQ: MTCH) all over again in the first six months of the year as shares of the Tinder parent racked up a 12% gain, according to data from S&P Global Market Intelligence, even as the COVID-19 pandemic roiled the market. Match Group got off to a rough start in 2020. At the end of January, CEO Mandy Ginsberg said she would step down over health concerns and other personal issues.

Netflix Earnings: Will Subscribers Soar Higher Again?

With the company's shares up about 50% this year, investors will be watching the streaming-TV company's earnings report closely.

Netflix (NFLX) Stock Sinks As Market Gains: What You Should Know

Netflix (NFLX) closed at $476.89 in the latest trading session, marking a -1.8% move from the prior day.

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  Home Depot (HD) Stock Sinks As Market Gains: What You Should Know

  Zacks
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  InMode (INMD) Gains But Lags Market: What You Should Know

  Zacks

Why Genius Brands Stock Skyrocketed Today

Shares of the children's entertainment company rose in anticipation of a surprise announcement Monday.

Top Research Reports for Netflix, Exxon Mobil & Amgen

Top Research Reports for Netflix, Exxon Mobil & Amgen

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  Exxon signals second quarterly loss in a row on production, refining hits

  Reuters
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  Exxon signals 2nd straight quarterly loss

  Reuters Videos

3 Monster Stocks in the Making

Behind every monster stock is almost always a company driving tremendous change to an industry. Experienced investors can remember how Amazon transformed both retail -- and later -- the information technology industry. Buying Amazon or Netflix could still keep one rich.

Comcast (CMCSA) Peacock Adds Content From ViacomCBS Library

Comcast (CMCSA) owned NBCUniversal signs licensing deal with ViacomCBS to add select Paramount movies and Showtime content on Peacock streaming platform after its launch on Jul 15.

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  Peacock to Stream ‘Ray Donovan,’ ‘The Godfather’ Trilogy, Other Popular ViacomCBS-Owned Titles

  Indiewire
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  NBCU's Peacock strikes deal with ViacomCBS to stream 'The Godfather' and others

  Reuters

The Zacks Analyst Blog Highlights: Amazon.com, Snap, Netflix, PayPal and Match Group

The Zacks Analyst Blog Highlights: Amazon.com, Snap, Netflix, PayPal and Match Group

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  5 Stocks for Millennials to Watch in the New Normal

  Zacks
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  Robinhood vs. E*TRADE

  Investopedia

Overpaying for TV Again? Get Used to It.

(Bloomberg Opinion) -- If you’re considering making the switch from cable TV to streaming to save money, I have some bad news for you. YouTube TV, a streaming-video service owned by Google’s parent Alphabet Inc., just raised its monthly subscription fee from an already steep $50 to an even steeper $65. To put that into perspective, the $15 rate hike is more than the price of one whole month of Netflix. Tack on the cost of an internet connection, which is needed to stream, and YouTube TV starts to look like not much more than a glorified cable package. It’s emblematic of a broader industry conundrum: a need to raise prices that are already too high from a consumer’s standpoint, yet not high enough for streaming companies to have any hope of turning a profit. YouTube TV has been a favorite among cord-cutters, in part because it tends to have fewer annoying glitches and more content. But $65 may change even some of their minds, especially with the U.S. economy sputtering. The app is in a category known as skinny bundles, which offer a few dozen live channels over the internet (though they’ve gotten chubbier over time as media giants try to stuff in all the channels they can). There’s been a proliferation of services like it in recent years, and yet none has quite been able to replicate cable affordably with the customization that consumers want. They all lose money, according to analysts, YouTube TV included. Sony’s PlayStation Vue — which was also well-liked by those who used it — shut down earlier this year, saying that it was too expensive to compete given the cost of programming.Sony probably won’t be the last company to give up on the streaming wars. Quibi, the startup created by Hollywood veteran Jeffrey Katzenberg — he was the “K” in DreamWorks SKG (the “S” was Steven Spielberg) — looks to be hanging on by a thread. The 90-day free trials that Quibi offered at its launch begin to expire July 5. Will enough consumers be willing to pay $5 a month for its service? It’s not looking likely.Quibi’s $5 may sound cheap compared to YouTube TV’s $65, but you get what you pay for, and the wide range of prices in the streaming industry is indicative of that. For example, even though Disney+ contains high-quality content from its beloved “Star Wars” and Marvel franchises, the app doesn’t have much else, hence it charges just $7 a month. At $13, Netflix still probably offers the best bang for your buck. YouTube TV did say it’s “working to build new flexible models,” which could signal different tiers of pricing in the future. In a dream world, consumers could just choose from a-la-carte menus, but that’s not in the best interest of programmers and distributors. Both sides have turned to megamergers in the last few years — AT&T-Time Warner, Charter-Time Warner Cable, CBS-Viacom, etc. — to regain negotiating power over one another and to stand a chance of taking on tech giants such as Google. Programmers use their scale to force their entire network portfolios onto streaming apps so that their less-popular ones don’t get left out.YouTube TV’s latest price increase comes on the heels of it adding eight of ViacomCBS Inc.’s top networks to its lineup, including BET, MTV and Nickelodeon, with six more niche ones on the way, including MTV Classic and TeenNick. To be fair, though, each of those is relatively inexpensive. What usually makes TV packages so costly is live sports — and that’s true even with most sports off the air this year due to the Covid-19 pandemic. Walt Disney Co.’s ESPN+ is reportedly raising its fee by $1, to $6 a month.If YouTube TV can get away with its new rate, then Netflix probably has room to raise its own price some. That prospect drove Netflix shares to a new all-time-high closing price of $485.64 on Wednesday, giving it a mind-boggling valuation of 42 times Ebitda. YouTube TV is the closest you’ll get to a traditional cable package, in that it has lots of live-TV channels, including sports, and common add-on options such as HBO and Showtime. But if you want streaming to look like cable, you’ve got to pay cable prices. Not even Google will eat those losses forever. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  Sling TV, Unlike Rivals, Pledges No Price Hikes

  The National Interest
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  Fubo TV Is Raising Prices and Adding Channels (But Also Dumping Channels Like CNN)

  The National Interest

Got $2,000? Buy These 2 Best-in-Breed Stocks I'm Never Selling

Do you know what these companies have in common? Each is a market leader with a proven ability to adapt when necessary.

Netflix’s ‘Wasp Network’ Stings Miami’s Cuban Exiles

(Bloomberg Opinion) -- It’s been a long time since the Latin American Cold War. Maybe not long enough, judging by the fury over French director Olivier Assayas’s new film “Wasp Network,” inspired by the real story of a Cuban spy ring operating in the U.S. in the 1990s.Launched last month on Netflix, after the coronavirus forced the producers to cancel a movie theater debut, the feature film has reignited ideological passions across the Florida Straits. The vociferous right-wing Cuban diaspora in Miami has led a petition drive RemoveWaspNetwork (18,000 signatures as of July 2) for Netflix to take down the film. Many left-wing enthusiasts, by contrast, have lit up social media with their encomiums to revolution and anti-imperialism. “Seen. Heroes. Huge Film,” Spain’s Vice President Pablo Iglesias tweeted July 1.José Basulto, the exiled Cuban impresario who inspired one of the script’s homonymous central characters, said he’s weighing legal action for alleged calumnies. One of the original snitches, Juan Pablo Roque, who defected by swimming to Guantanamo Bay, called the story “shit”; the woman he betrothed, hoodwinked and abandoned in Miami wished the picture a “quiet death.” Not that the island regime’s boosters were overjoyed: It was hardly a “manifesto” for “the Cuban cause,” sniffed the official government mouthpiece, Granma.In fact, “Wasp Network” has something to displease just about everyone. In his meandering and often rococo rendering of the tale of the Cuban Five, the Castroite intelligence operatives who infiltrated Miami’s rabidly anti-communist Cuban exile community, Assayas (“Personal Shopper,”  “Summer Hours”) strains not to take sides. Start with the opening story card, which reads like a disclaimer. “Cuba has lived under a Communist regime since 1959. It is subjected to a brutal embargo imposed by the United States. This has resulted in tremendous hardship for the population. Many Cubans fled an authoritarian state and settled in Miami where many militant groups fight to free Cuba.”Duplicitous gringo lawmen. Zombie  communist apparatchiks. Right-wing zealots and criminals posing as Cuba libre humanitarians. Fidel Castro playing Fidel Castro. Pick your slimeball, this movie has them in all shades of tropical pastel.Assayas’s painstakingly ecumenical treatment of the messy historical context — a hex on all their ideological houses — is both the film’s charm and curse. Its talented cast includes some of the biggest names that appear on the Latin American screen: Penelope Cruz, Edgar Ramirez, Gael Garcia Bernal, Ana de Armas and Wagner Moura. Yet all this star power is dimmed by a tale riven into subplots and diversions — from rescuing boat people to running terrorist missions, Cuban double agents trying to game the FBI as it games them, Central American mercenaries fueled by drug money. It might have worked better broken up into a series. Jammed into 128 minutes, what could have been a taut political thriller turns into a piñata of Cold War cliches.For all its ambitious historicizing, this movie works best when it zooms in. While the plot hews to the fate of the spies, the compelling performances come from those they step on in the line of duty and glory. Indeed, the most grievous betrayals are not to flag and country, but to home and family.When Olga Salanueva (played sublimely by Penelope Cruz) learns years later that her fugitive husband Rene Gonzalez (Edgar Ramirez) was not a “gusano” — a traitor — after all, but a patriot who abandoned her and their daughter in Cuba as part of a secret mission to infiltrate anti-Castro zealots in Miami, the wave of hurt, relief and outrage that hits her is almost excruciating to watch. And try not to wince as Ana Margarita (Ana de Armas) tumbles masterfully from blissful Miami bride to jilted dupe, discovering from a television newscast that her furtive defector husband Roque (Wagner Moura) has defected back to Havana, and that what he really misses about the U.S. is his Jeep Cherokee.It’s telling that the current fury over “Wasp Network” misses the larger tragedy it exposes. Six decades after the Cuban revolution, Latin America still seems hostage to its cant and stuck in a negative ideological feedback loop. Even as the region faces a deadly pandemic and economic collapse, partisan grievants in leadership positions remain stupidly polarized over yesterday’s conceits — right-wingers bashing communists without communism, or nostalgic leftists waxing over bygone companeros who captured rents and institutions in the name of revolution.“Latin American peoples are going to stand tall again,” Argentina’s President Alberto Fernandez commiserated last week in a video conference with former Brazilian president and Workers Party icon Luiz Inacio Lula da Silva. Both rued the fading Pink Tide of left-wing leaders and vowed a triumphant revanche.  “We are going to rebuild the Patria Grande (the great fatherland), and we will recover that dignity that we had,” Fernandez said.The revolution, however, will not be Zoomed. “The Wasp Network” doesn’t settle any of the woolly Cold War scores it evokes. But when it chooses to focus on the victims of that conflict’s overheated slogans and tangled schemes, it produces what passes for a win in these conflicted times. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mac Margolis is a Bloomberg Opinion columnist covering Latin and South America. He was a reporter for Newsweek and is the author of “The Last New World: The Conquest of the Amazon Frontier.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Would You Pay More for Netflix? Growing Number of Its U.S. Subscribers Are OK With Higher Prices

For American consumers, Netflix's value proposition has escalated during the coronavirus pandemic -- and the question for the No. 1 subscription streamer is when, not if, it's going to next raise prices. Even amid intensifying competition from Disney Plus, HBO Max, Apple TV Plus and others, Netflix has seen its pricing power grow over the […]

Brandes Investment Cuts Briggs & Stratton Corp

Firm sells out after a year of small reductions Continue reading...

Were Hedge Funds Right About Cutting Their Netflix, Inc. (NFLX) Exposure?

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

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  Were Hedge Funds Right About Dumping The Walt Disney Company (DIS)?

  Insider Monkey
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  Hedge Funds Have Never Been This Bullish On Protara Therapeutics, Inc. (TARA)

  Insider Monkey

The Home Depot, Inc. (HD): Were Hedge Funds Right About This Stock?

We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]

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  Were Hedge Funds Right About Dumping The Walt Disney Company (DIS)?

  Insider Monkey
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  Hedge Funds Have Never Been This Bullish On Protara Therapeutics, Inc. (TARA)

  Insider Monkey

Were Hedge Funds Right About Piling Into Tiffany & Co. (TIF)?

We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]

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  iCAD Inc (ICAD): Hedge Funds Sticking Around

  Insider Monkey
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  Here is What Hedge Funds Think About Fiesta Restaurant Group Inc (FRGI)

  Insider Monkey

Apps Like Pinterest, Twitter, Netflix See Surge In Downloads During Coronavirus

With few entertainment options during the coronavirus pandemic, locked-down mobile users around the globe turned to app stores.Global Google Play downloads spiked 35% year-over-year and 18% sequentially in the second quarter, with net in-app revenue rising 18% and 5%, respectively. Downloads of Apple products saw less dramatic growth, with 23% year-over-year and 2% sequential download increases and 20% and 3% in-app revenue growth.A breakdown of the downloads by BofA Securities reveals how cooped up mobile users are spending their time. BofA's Social Data Lockdown measures made socialization digital and drove significant increases in social media downloads.Pinterest Inc (NYSE: PINS) popped a record 78% year-over-year, Twitter Inc (NYSE: TWTR) 64%, Facebook, Inc. (NASDAQ: FB) 5% and Instagram 33%. Snap Inc (NYSE: SNAP) downloads fell 13%."Y/Y growth was impacted by tough comps vs the 2Q'19 viral filter uptick with 2Q'20 total downloads seeing 2nd highest levels since the IPO quarter in 1Q'17," analyst Justin Post said in a Thursday note. On a quarter-over-quarter basis, Twitter rose 17% and Snap 2%, while Facebook was flat and Instagram fell 7%, the analyst said. "Social media applications in our coverage universe showed continued strength in 2Q with Snap, Pinterest, and Twitter all growing downloads from strong 1Q'20 bases." NFLX & Chill Data The coronavirus didn't halt online dating. Tinder downloads rose 12% on an annual basis but fell 13% quarter-over-quarter, while Hinge increased 47% year-over-year.Netflix Inc (NASDAQ: NFLX) downloads increased 59% year-over-year and 6% sequentially, driven by growth in the international markets and weighed by flat U.S. downloads.Home Office & E-Commerce Data Remote work drove Dropbox Inc (NASDAQ: DBX) downloads up 17% year-over-year, while dine-in restaurant shutdowns led to a 30% increase in GrubHub Inc (NYSE: GRUB) downloads.E-commerce apps also profited from store closures, with a 34% pop in RealReal Inc (NASDAQ: REAL) and 92% increase in Wayfair Inc (NYSE: W) downloads.Photo courtesy of Pinterest.Latest Ratings for NFLX DateFirmActionFromTo Jun 2020Imperial CapitalMaintainsOutperform May 2020CitigroupMaintainsNeutral May 2020JefferiesInitiates Coverage OnBuy View More Analyst Ratings for NFLX View the Latest Analyst Ratings See more from Benzinga * M&A Activity Falls To Decade Low During Pandemic * Your Favorite Companies, As Defined By Urban Dictionary * Citron On Genius Brands: 'The Lowest Form Of Retail Investor'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Nifty FAANG and Other 'One Decision' Investment Strategies

Looking at the stock market today, the first thought that comes to mind is that it is divorced from economic reality Continue reading...

Why Netflix (NFLX) Is A Compelling Investment Case

If you are looking for the best ideas for your portfolio you may want to consider some of Ensemble Capital's top stock picks. Ensemble Capital, an investment management firm, is bullish on Netflix Inc (NASDAQ:NFLX) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […]

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  Should Value Investors Buy Estée Lauder (EL) Stock?

  Insider Monkey
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  Why Landstar System (LSTR) Is A Compelling Investment Case

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Building a high-end covid-proof skyscraper

Daniel Kodsi, CEO-Developer at the Miami Worldcenter, joins The First Trade to discuss how building development in the hotel industry has changed due to the coronavirus.

Best Stocks for 2020: Now Is the Time to Load Up on Roku Stock

Editor's note: This column is part of InvestorPlace.com's Best Stocks for 2020 contest. Left Brain Investment Research's pick for the contest is Roku (NASDAQ:ROKU). More than 10% of Roku (NASDAQ:ROKU) shares were recently sold short. One popular short-seller narrative is that investors are so overly exuberant about the company's incredible long-term growth potential that any short-term hiccups will cause the shares to sell off hard. However, that short-term hiccup has arrived in the form of uncertainty caused by the novel coronavirus.And even though stay-at-home behaviors caused Roku's recent quarterly revenue to accelerate even more dramatically than expected, CEO Anthony Wood has decided to temporarily take his foot off the gas. Why? Because overall advertising expenditures in the U.S. are likely to fall in 2020.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What Is Roku?If you don't know, Roku is a pioneer in streaming TV. The company should grow dramatically in what it calls the "streaming decade" -- which has only just begun.Roku's value lies in its smart TV operating system which is solving the complications of TV advertising in a steaming world (as we wrote about in great detail in our previous Roku articles here and here). And incredibly, Roku's products and services "have increased in relevance to consumers and industry partners during a time when most of the population is staying at home." What Has Changed Since Last Quarter?From a financial standpoint, many short-term investors are disappointed that Roku now expects an adjusted EBITDA loss for fiscal year 2020. This is thanks to pandemic-related operating adjustments.However, we remain focused on the incredible long-term positives. We're not just talking about the year-over-year new account growth rate of more than 70%, or the year-over-year streaming hours growth rate of roughly 80%. * 7 Utilities Stocks to Buy With Reassuring Dividends And while we are big fans of CEO Anthony Wood, and we are encouraged by his prudent decision to slow the growth rate of operating and capital expenditure as near-term advertising uncertainty remains high due to Covid-19, we are most excited by the massive long-term growth potential. What Remains the Same?Roku's massive growth opportunity remains fully intact. Specifically, the company's market-leading position within the streaming TV market is exciting. This market is young, but it's massive -- and it's seriously growing. For example, the global video streaming market is expected to reach $184.3 billion by 2027, according to a report by Grand View Research. That's a compound annual growth rate of 20.4% from 2020 to 2027.And we know this is an incredible opportunity simply by the fact that Amazon (NASDAQ:AMZN), Disney (NYSE:DIS), Apple (NASDAQ:AAPL) and Netflix (NASDAQ:NFLX) are all investing heavily in the space. And these industry players magnify Roku's value proposition as they increase consumer interest in switching from traditional TV to steaming TV. Ultimately, it also increases consumer interest in Roku's platform, which already comes installed on roughly a third of all smart TVs sold in the United States. Furthermore, as CFO Steve Louden said during Roku's previous quarterly call:"The sustained level of robust revenue growth speaks to the fundamentals of our business, the difficulty of replicating our strategic advantages and market leading position and our laser focus and leadership in streaming."And considering most consumers still watch TV the old-fashioned way, that leaves a lot of room for growth in steaming in the years ahead. Best Stocks: The Bottom Line on ROKU StockDespite Roku's recent decision to slow spending due to Covid-19 uncertainties, revenue continues to grow rapidly. And the company's massive long-term growth opportunity remains intact.In fact, the pandemic is actually accelerating the important shift from traditional to streaming TV. Furthermore, as more TV brands move to a licensed operating system approach, cord-cutting will continue to increase the shift of billions of dollars in advertising to streaming. Roku will benefit enormously in the years ahead.Roku's share price has not risen in accordance with its continuing rapid sales growth (it now trades at only 7.7 times forward sales estimates) and its huge long-term market opportunity. For these reasons, we included Roku on our list of Top 15 New Reality Stocks. In our view, if you are a long-term growth investor, now is the time to load up on shares of Roku.As of this writing, Left Brain Investment Research has no positions in any of the aforementioned securities. However, affiliate companies Left Brain Capital Management and/or Left Brain Wealth Management are long ROKU, NFLX, DIS, AAPL and AMZN. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Best Stocks for 2020: Now Is the Time to Load Up on Roku Stock appeared first on InvestorPlace.

3 Reasons to Buy Netflix Stock Despite the Pandemic

As anyone who follows the technology sector knows, Netflix (NASDAQ:NFLX) is one of the most relevant companies of this century. With digitalization increasingly taking over the personal and now the professional space, NFLX is almost guaranteed to keep its relevance in the "Roaring 2020's." But for the intermediate term, NFLX stock is playing a new, unfamiliar role: a hedge against a possible recession.Source: Kaspars Grinvalds / Shutterstock.com Now, let me back up for a minute. I'm not suggesting that we're going to have a prolonged downturn that counteracts everything I'm forecasting over the next ten years. Frankly, too many technological innovations are converging at once to deny the coming digitalization paradigm shift. But a temporary slowdown of economic activity is more than in the cards.What has made the novel coronavirus unparalleled isn't necessarily due to its severity. While devastating, humanity in its history has encountered worse. Rather, the wholesale moves by international governments to shut down their economies were previously unimaginable. Yet, it happened, and it will take time to unwind the damage.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, I'm confident that NFLX stock will remain resilient despite the challenges. Why? Simply, people need entertainment. Having a blow-off valve keeps everything in check.However, many entertainment options are either gone or severely mitigated. For instance, movie theaters won't show new releases until late July. Even then, we must wait to see how consumers will react. With rising coronavirus cases and more possibly on the way, the situation doesn't look great for the box office. It does, though, offer upside potential for Netflix's stock as consumers decide to stay in for their entertainment.Here are three other reasons why investors should continue being bullish toward NFLX stock: It's CheapSome of the best investments have the most straightforward thesis. I believe that's the case for Netflix.Basically, the underlying platform is cheap. No matter what your subscription plan, from the cheapest at $9 to the most expensive at $16, you're getting a steal. Furthermore, with a library of compelling content, you're paying for programs that you actually watch.Compare that to a traditional satellite TV subscription. Sure, it may tempt you with an initial low-cost monthly rate. But read the fine print. If you do, you'll realize that the low entry point will eventually skyrocket like an adjustable-rate mortgage. * 7 Utilities Stocks to Buy With Reassuring Dividends And who watches all the channels that a TV subscription provides? When you break down the cost per channel, you may soon realize that you're paying for access that you simply don't need -- or in some cases, you absolutely don't want.Given our hectic lives nowadays, the on-demand platform that streaming inherently provides is relevant and superior. NFLX Stock Is Shedding Previously Unfavorable 'Comparables'Naturally, traditional TV subscriptions have few counterarguments. But one of them involves live programming, especially news. If you want to know what's going on in your community and throughout the world, it's better to get that information now as opposed to finding out a day later after a news segment has been carefully edited.But the demographic that cares about linear TV's advantages is aging out. According to the Pew Research Center, those who primarily receive the news on TV are in the ages 50 to 64 bracket and 65 years and older. But for the younger groups, online sources and social media represent the most popular news outlets.It's even more problematic for linear TV with the 18 to 29 demo. Here, most young adults get their news from social media. While this doesn't directly impact Netflix, it does take away a key advantage for traditional TV subs. And that's ultimately good news for Netflix's stock. Netflix to Bank on a Different CultureTo make a big understatement, young millennials and the emerging Generation Z live in a completely different culture. What was once popular for prior generations just doesn't resonate as deeply with younger people.Take sports, for example. Although adults ages 18 to 24 watch professional sports, their rate of consumption is notably lower than older generations. Thus, if they're not going to spend their entire weekends watching football, there's no point in paying for an expensive TV subscription; hence, the indirect benefit to Netflix stock.Also, this applies to celebrity fandom. Nowadays, young adults are just as likely to recognize a YouTube star as they are a Hollywood A-lister. Thus, the fresh content on Netflix appeals to younger audiences in a way that older adults may not get.Which is just fine because Netflix has basically positioned itself as the new era content king. And that's not something a temporary economic slowdown can impinge.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 3 Reasons to Buy Netflix Stock Despite the Pandemic appeared first on InvestorPlace.

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  More fireworks in Americans' hands for July 4 raises risks

  Associated Press
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  A Resurgent Pandemic Is All the More Reason to Avoid Carnival

  InvestorPlace