Second shoe drops for NFLX, as Goldman Sachs applies Sell rating

Goldman Sachs gave Netflix a surprising selling rating. NFLX shares are down 6% in Friday’s premarket. Netflix stock already sold off in April after streamer lost customers. Someone has it out for Netflix (NFLX). The leader in streaming and one of Wall Street’s most loved stock over the past decade was given a dreaded sell … Read more

DOCU stock sits flat ahead of Thursday’s Q1 results

DocuSign will report FQ1 2022 earnings after Thursday session. The SaaS company is expected to report $0.46 in adjusted EPS on revenue of $580.85 million. DOCU stock is down 42.6% in 2022 on multiple compression, reduced guidance. DocuSign (DOCU) stock is flat to down in Thursday’s premarket ahead of earnings results expected after the close. … Read more

BABA confirms rally is on with 14.7% spike

BABA shares exploded 14.7% on Wednesday to close at $119.62. Chinese regulators approved the newest video game titles since July 2021. Most Chinese tech ADRs rallied on the news, viewing it as a sign of reduced scrutiny. Alibaba (BABA) stock had its biggest day on Wednesday since March 16. News that Chinese regulators had green-lighted … Read more

PLTR nearly climbs 10% following renewed space contract

PLTR stock ended Thursday up 9.9% at $9.30. Palantir stock fell almost 17% in May due to dismal Q1 results. A recent contract with US Space Systems Command adds $54 million in revenue. Palantir (PLTR) stock Experienced a welcome reprieve from May’s glum share price descent on Thursday with the big data company’s share price … Read more