Chris Lau
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Chris Lau in Value Stocks,

Buy Netflix Ahead of Earnings

Netflix (NFLX) reports quarterly results on April 18. The company is throttling where possible to help lower customer consumption of data.

It will raise the monthly for 'grandfathered' accounts from $7.99/mo to $9.99/mo. This is for those who want to use more than one device (source: Quartz).

Key metric: subscriber growth.

Chances are good the cord cutting phenomenon - at Verizon and AT&T's cost - is a trend that will continue. Having Netflix, Hulu, and Amazon Prime replaces traditional cable for many.

Agree or disagree? Buy Netflix ahead of earnings report.