Netflix blames tax dispute in Brazil
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Gold prices in us fell another 2.1% on Wednesday morning after a 5% drop on Tuesday, while Netflix shares dropped 6% on earnings miss and Brazil tax dispute.
Netflix shares sank on Tuesday after the streaming television powerhouse reported quarterly profit that fell short of market expectations.
Benjamin Klein of Baskin Wealth Management names Netflix, Constellation Software and Ferrari as strong long-term buys trading at attractive discounts.
Netflix, Inc. stock dropped after a Brazilian tax expense hit margins, but revenue and engagement remain strong. Click for more on NFLX Q3 earnings.
Analysts stuck to ratings and share price targets after a Brazil tax dispute hit the bottom line and stock price, with some waiting for year-end results, while at least one tells investors to "buy the dip.