Netflix Stock (NFLX)

Upgrades: ArcelorMittal ($MT) upgraded to Overweight from Neutral at JPMorgan Array Technologies ($ARRY) upgraded to Outperform from Neutral at Mizuho, Target: $5 Bank of America ($BAC) upgraded to Outperform from Neutral at Baird, Target: $62 BorgWarner ($BWA) upgraded to Buy from Neutral at BofA, Target: $85 Brighthouse Financial ($BHF) upgraded to Neutral from Underweight at …

I would continue to avoid buying (and “bottom fishing”) in Netflix ($NFLX) for the reasons I have previously mentioned: * Netflix has nearly saturated the domestic market (as well as many other developed countries). These markets are significantly more profitable than the non developed arena. * Future Netflix sales/profit growth will come from developing country …

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Wells Fargo lowers Its Netflix ($NFLX) price target to $80 from $105. I continue to avoid this name. I remain concerned that the company has saturated the more profitable developed markets —profitability is markedly lower in the growth-developing markets. Position: None

* Uber ($UBER) * Disney ($DIS) * Netflix ($NFLX) Position: None