Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising

Netflix (NFLX) slumped 8.63%, as a media report said the video streaming firm is refunding advertisers after missing views targets

Netflix (NFLX) slumped 8.63%, as a media report said the video streaming firm is refunding advertisers after missing views targets| FXMAG.COM
Aa
Share
facebook
twitter
linkedin
DAILY MARKET NEWSLETTER
December 16, 2022
 
 
   
 
 
 
Pre-Market Session
News Sentiment
Technical Views
 
 
 
   
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 1netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 1 Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
 
 
   
 
 
 
Price MovementAnalyst ViewsTargetPivot
 
Dax (Eurex)14,030.00
+45.00 (+0.32%)
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 2netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 2
13,925.00
14,125.00
 
 
FTSE 100 (ICE Europe)0.00
0.00 (0.00%)
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 4netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 4
7,474.00
7,420.00
 
 
S&P 500 (CME)3,928.00
+0.75 (+0.02%)
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 6netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 6
3,900.00
3,956.00
 
 
Nasdaq 100 (CME)11,467.25
+10.25 (+0.09%)
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 8netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 8
11,400.00
11,540.00
 
 
Dow Jones (CME)33,449.00
+13.00 (+0.04%)
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 10netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 10
33,240.00
33,680.00
 
 
Crude Oil (WTI)76.07
-0.04 (-0.05%)
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 12netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 12
75.40
77.10
 
 
Gold1,779.26
+2.403 (+0.14%)
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 14netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 14
1,766.00
1,790.00
 
 
 
 
   
 
 
 MARKET WRAP 
 
 
 
 
Market Wrap: Stocks, Bonds, Commodities

On Thursday, U.S. stocks closed sharply lower as lower-than-expected sales data stirred recession fears among investors. The Dow Jones Industrial Average dropped 764 points (-2.25%) to 33,202, the S&P 500 declined 99 points (-2.49%) to 3,895, and the Nasdaq 100 slid 395 points (-3.37%) to 11,345.

U.S. data showed that retail sales declined 0.6% on month in November (vs +0.2% expected). The latest number of initial jobless claims posted at 211,000 (vs 235,000 expected).

Also, the New York State manufacturing index sank to -11.2 in December (vs +1.0 expected, +4.5 in November), while the Philadelphia Fed manufacturing index improved to -13.8 in December (vs -7.0 expected, -19.4 in November).

The U.S. 10-year Treasury yield eased a further 2.9 basis points to 3.448%.

Technology hardware & equipment (-4.43%), media (-4.39%), and semiconductors (-3.95%) sectors led the market lower.

NetFlix (NFLX) slumped 8.63%, as a media report said the video streaming firm is refunding advertisers after missing views targets.

Nvidia (NVDA) declined 4.09% after the semiconductor stock was rated "reduce" at HSBC. 

AT&T (T) slid 2.28% after the telecom stock was downgraded to "equal-weight" at Morgan Stanley.

Novavax (NVAX) plunged 34.3% after the biotech firm announced a capital hike.

On the other hand, Tesla (TSLA) edged up 0.55%. Regulatory documents showed that CEO Elon Musk sold 22 million shares in the electric-vehicle maker worth $3.58 billion.

Lennar (LEN) rose 3.82% as the largest U.S. homebuilder reported better-than-expected third-quarter earnings.

European stocks were also heavy. The DAX 40 fell 3.28%, the CAC 40 declined 3.09%, and the FTSE 100 was down 0.93%.

U.S. WTI crude futures declined $1.00 to $76.26 a barrel.

Gold price lost $30 to $1,776 an ounce.

Market Wrap: Forex

The U.S. dollar rebounded against other major currencies. The dollar index advanced to 104.64.

EUR/USD fell 58 pips to 1.0624. As expected, the European Central Bank raise its key interest rates by 50 basis points to 2.0-2.5%. However, the central bank said it would raise interest rates "significantly" further to tame inflation.

GBP/USD dropped 250 pips (-2.01%) to 1.2176. As expected, the Bank of England raised its key interest rate by 50 basis points to 3.50%. The central bank stated that it would "respond forcefully" in case of persistent inflationary pressures.

USD/JPY jumped 232 pips (+1.71%) to 137.80.

AUD/USD declined 165 pips (-2.40%)to 0.6699.

USD/CHF gained 40 pips to 0.9285, and USD/CAD climbed 123 pips to 1.3671.

Bitcoin traded lower to $17,400.

Morning Trading

In Asian trading hours, the U.S. dollar softened slightly against other major currencies.

USD/JPY declined to 137.31. The Jibun Bank manufacturing purchasing managers index fell to 48.8 in December (vs 49.6 expected).

AUD/USD rebounded to 0.6717.

EUR/USD traded higher to 1.0645, and GBP/USD climbed back to 1.2204.

Gold price was up to $1,780 an ounce.

Bitcoin held up well at $17,400.

Expected Today

In the U.K., the GfK consumer confidence index posted at -42 in December (vs -43 expected).

Also, U.K. retails sales are expected to edge up 0.3% on month in November.

December S&P Global manufacturing purchasing managers index will be posted for the Eurozone (46.6 expected), Germany (45.9 expected), France (48.6 expected), the U.K. (46.3 expected) and the U.S. (48.2 expected).
 
 
 
 
 UK MARKET NEWS 
 
 
 
 
UK: The GfK consumer confidence index posted at -42 in December (vs -43 expected).

BT Group, a telecoms company, announced that it will be combining its Global and Enterprise units into a single B2B unit called BT Business, saying: "The combined unit will enhance value for all our B2B customers, strengthen our competitive position, and deliver material synergies."

CRH Plc, a building materials company, said it has established a new venture capital unit called CRH Ventures, adding: "With access to a $250 million venturing and innovation fund to invest, CRH Ventures will partner with construction and climate technology companies, operating across the construction value chain."

Shell, an oil giant, and its Dutch joint-venture partner Eneco has won the right to build an offshore wind farm with a capacity of 756 megawatts in the North Sea, announced the Dutch government.

Basic Resources, travel & leisure and oil & gas shares fell most in London on Wednesday.

From a relative strength vs FTSE 100 point of view, Barclays (-3.16% to 155.2p), Croda International (-1.88% to 6884p) crossed under their 50-day moving average.

From a technical point of view, Diageo (-2.36% to 3675.5p) crossed under its 50-day moving average.
 
 
 
 
 ECONOMIC CALENDAR   
 
 
 
TimeEventForecastImportance
 
02:00
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 16netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 16
Retail Sales MoM (Nov)
0.3%
HIGH
 
 
02:00
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 17netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 17
Retail Sales YoY (Nov)
-5.3%
MEDIUM
 
 
02:00
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 18netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 18
Retail Sales ex Fuel MoM (Nov)
0.2%
MEDIUM
 
 
02:00
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 19netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 19
Retail Sales ex Fuel YoY (Nov)
-6.1%
LOW
 
 
04:30
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 20netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 20
S&P Global/CIPS UK Services PMI Flash (Dec)
48.3
MEDIUM
 
 
04:30
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 21netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 21
S&P Global/CIPS Manufacturing PMI Flash (Dec)
46.3
MEDIUM
 
 
04:30
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 22netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 22
S&P Global/CIPS Composite PMI Flash (Dec)
47.7
LOW
 
 
09:45
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 23netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 23
S&P Global Manufacturing PMI Flash (Dec)
48.2
MEDIUM
 
 
09:45
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 24netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 24
S&P Global Services PMI Flash (Dec)
47.8
MEDIUM
 
 
09:45
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 25netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 25
S&P Global Composite PMI Flash (Dec)
48
MEDIUM
 
 
13:00
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 26netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 26
Baker Hughes Total Rig Count (Dec/16)
 
HIGH
 
 
13:00
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 27netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 27
Baker Hughes Oil Rig Count (Dec/16)
 
LOW
 
 
 
 
   
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 28
 
 
 
   
 
 
 NEWS SENTIMENT 
 
 
 
 
HSBC Holdings PLC
492.65 GBp
 
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 29netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 29
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 30netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 30netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 31netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 31
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 32netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 32netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 33netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 33
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 34netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 34netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 35netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 35
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AstraZeneca PLC
11,360.00 GBp
 
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 36netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 36
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 37netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 37netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 38netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 38
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 39netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 39netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 40netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 40
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 41netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 41netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 42netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 42
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Barclays PLC
155.20 GBp
 
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 43netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 43
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 44netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 44netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 45netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 45
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 46netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 46netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 47netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 47
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 48netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 48netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 49netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 49
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Standard Chartered PLC
604.60 GBp
 
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 50netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 50
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 51netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 51netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 52netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 52
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 53netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 53netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 54netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 54
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 55netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 55netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 56netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 56
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rio Tinto PLC
5,657.00 GBp
 
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 57netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 57
 
 
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 58netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 58netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 59netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 59
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 60netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 60netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 61netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 61
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 62netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 62netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 63netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 63
 
 
 
 
 
 
 
 
 
 
 
 TECHNICAL VIEWS 
 
 

 
 
EUR/USD Intraday: the upside prevails.
 
Pivot:
1.0615
 
Our preference:
Long positions above 1.0615 with targets at 1.0685 & 1.0710 in extension.
 
Alternative scenario:
Below 1.0615 look for further downside with 1.0590 & 1.0570 as targets.
 
Comment:
The RSI shows upside momentum.
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 64netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 64
 
 
 
 
 
 
 

 
 
Euro Stoxx 50 (Eurex)‎ (Z2)‎ Intraday: under pressure.
 
Pivot:
3879.00
 
Our preference:
Short positions below 3879.00 with targets at 3825.00 & 3794.00 in extension.
 
Alternative scenario:
Above 3879.00 look for further upside with 3899.00 & 3923.00 as targets.
 
Comment:
The RSI is mixed.
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 65netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 65
 
 
 
 
 
 
 

 
 
Brent (ICE)‎ (G3)‎ Intraday: expect 79.30.
 
Pivot:
82.20
 
Our preference:
Short positions below 82.20 with targets at 80.10 & 79.30 in extension.
 
Alternative scenario:
Above 82.20 look for further upside with 83.20 & 84.00 as targets.
 
Comment:
The RSI calls for a drop.
 
netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 66netflix nflx slumped 8 63 as a media report said the video streaming firm is refunding advertisers after missing views targets grafika numer 66
 
 
 

Intertrader Market News

Intertrader Market News

Intertrader is a spread betting and CFD provider. We offer fast and reliable execution on a wide range of markets.


Advertising
Advertising