$Netflix(NFLX.US)
Context: Netflix is yet again down 5% in post market trading after reporting Q3 earnings that match analysts expectations$NVIDIA(NVDA.US)$Intel(INTC.US). The underwhelming response was due to Netflix's lack of blockbuster shows. Youtube and other content media are also stealing Netflix viewing time from its audiences. Netflix is trying hard to buck up, it has fired the head film division and replaced the chief content officer with an executive from Disney Television. On top of that, it is retrenching 1000 employees in various departments. The advertisement revenue is still growing at US$2.7 billion but not as fast as they expected.
My trade: buy Netflix
Takeaway: The effort looks promising, we will wait for the earning numbers to prove to us
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