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Netflix (NFLX) Stock Lower, Wedbush: Sell Ahead of Earnings

NEW YORK (TheStreet) -- Shares of Netflix (NFLX) are down 0.69% to $96.39 in midday trading Monday as Wedbush believes investors should sell the stock now, Barron's reports.

The Los Gatos, CA-based internet streaming service is scheduled to report 2016 second quarter results after the market close on July 18.

The firm said that although second quarter results could beat analysts' estimates, the company's third quarter forecast will likely be weak, Barron's added.

Due to an increasingly competitive landscape...