Diamonds and Dogs

12/17/19

Netflix (NFLX) improving International sales. Netflix is up 3% to a four-month high thanks a September disclosure of subscription growth broken down by region. Asia-Pacific region grew 3%, the Middle east and Emerging Markets grew 6% while US and Canada grew 17%. The disclosure gave at least one analyst more confidence it can meet 2020 growth forecasts of net additions of 2.8 million subscribers in the U.S. and 27 million internationally.

Groupon (GPRN) down 10% on a downgrade. The Goldman Sachs analyst downgraded the online coupon company due to execution risks in the North America business model transition and a negative inflection in international customer trends pressuring revenue, billings, and profits over the next two years. The analyst also sees international headwinds, including Brexit. Groupon shares have lost 18% so far this year, as the S&P 500 has risen 27%.