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Netflix Crusade Against Movie Theaters May Take Longer Than Expected -ICYMI Friday

You missed a busy week headlined by a strong showing of earnings from the tech sector and a dismal showing from much of the pharmaceutical industry.

It proved to be just as hectic as Wall Street digested Teva Pharmaceutical Industries Ltd.'s (TEVA) dismal second quarter and bleak guidance, strong jobs numbers as well as the implications of bitcoins big split and Netflix Inc.'s (NFLX) plans to produce content in Mandarin and its attempt to overtake traditional studios and the movie theatre business.

Sure, there are implications for the generic sector's performance, but what about Teva and its $35 billion debt pile? Well, in short, it ain't good, at least according to the sell-side community. The same can't be said for one of technical analysts who has an against-the-grain view of Teva after checking the charts.

Weight Watchers International Inc. (WTW) shares rocketed 24% higher after posting growth in earnings and revenue over its second quarter. But growth wasn't the key takeaway for us at TheStreet who remain focused...