Consumer Business Review: Netflix’s New EXECUTIVE, Homebuilders Get UPGRADED

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Here are Monday’s top stories:

Netflix, Inc. (NASDAQ:NFLX) recruits Kelly Bennett, who was Time Warner’s chief of global online movie marketing, to be its new Chief Marketing Officer. Leslie Kilgore, Netflix’s previous holder of that position, stepped down in January subsequent to 2011’s price hike/Qwikster fiasco.

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Homebuilders shares for the most part moved up, as Goldman commented that “investors should take advantage of the likely volatility in the space given U.S. homebuilders’ strong correlation with the still depressed levels of new home sales.” The research firm has thus upgraded the homebuilder sector to Attractive and elevates its ratings for M.D.C. Holdings, Inc. (NYSE:MDC), KB Home (NYSE:KBH) and Ryland Group, Inc. (NYSE:RYL) while dropping NVR, Inc. (NYSE:NVR) to Sell.

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