Does Netflix Have Further Upside to Go?
T = Trends for a Stock’s Movement
Netflix is an Internet subscription service that streams television shows and movies. The company’s subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers, and mobile devices. In the United States, subscribers can also receive DVDs delivered to their homes. Netflix has revolutionized the television and movie industry with its services.
Netflix’s original show House of Cards won an Emmy for best director recently. David Finch’s victory confirmed that Hollywood is ready to take Netflix, and other online streaming television, seriously. The Wall Street Journal said that the win will encourage writers, actors, and producers to consider creating original programming for Netflix as a respectable avenue for their projects. Broadcast TV and cable networks like CBS (NYSE:CBS)-owned Showtime and Time Warner (NYSE:TWX)-owned HBO also performed well at television’s biggest awards show.