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StockWatch: Netflix Stock Surges 5%!

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Shares of Netflix were up 4.8% after a very bullish earnings preview from analyst firm Cowen & Co.

The stock reached another all-time high yesterday, having posted a market-beating gain of 11% in the last three months.

Due to content creation expenses, Disney doesn’t expect to begin turning a profit on Disney+ just yet.

The company’s primary focus is adding subscribers as we step into Q4, will it take Netflix’s crown? Timestamps:

  • NFLX 02:00
  • DIS 03:00

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