Jan. 21, 2025 2:16 PM ETNetflix, Inc. (NFLX) StockGGME, FDN, XLC
, WEBL, QQQA, GK, FNGG, LSGR, FEPI, FDNDBy: Jason Capul, SA News EditorNumerous exchange-traded funds that hold substantial positions in Netflix (NASDAQ:NFLX) could see notable price movements following the streaming giant's latest quarterly results.
Netflix (NASDAQ:NFLX) stock itself will be under intense scrutiny, as the company looks to close out its fiscal 2024 with a strong fourth quarter. NFLX had a strong 2024, advancing +83.1%, but there are concerns lingering over what the next growth drivers can be. The streaming firm has embraced live sports in a push for a sales boost, and comments around the outlook for 2025 will be closely perused.
Currently, 48.1M shares of NFLX are held by a total of 346 ETFs. Listed below are the top 10 largest ETFs in terms of asset allocation percentages towards NFLX:
No. 10: ProShares NASDAQ-100 Dorsey Wright Momentum ETF (QQQA) at 5.59%.
No. 9: Natixis Loomis Sayles Focused Growth ETF (LSGR) at 5.77%.
No. 8: AdvisorShares Gerber Kawasaki ETF (GK) at 6.96%.
No. 7: Communication Services Select Sector SPDR Fund (XLC) at 6.99%.
No. 6: REX FANG & Innovation Equity Premium Income ETF (FEPI) at 7.14%.
No. 5: Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) at 7.68%.
No. 4: Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) at 7.68%.
No. 3: FT Vest Dow Jones Internet & Target Income ETF (FDND) at 8.96%.
No. 2: First Trust Dow Jones Internet Index Fund (FDN) at 9.02%.
No. 1: Invesco Next Gen Media and Gaming ETF (GGME) at 9.51%.
Moreover, as of Tuesday afternoon NFLX trades at $870.50 a share and is lower in 2025 by 2.7%.
Additionally, Wall Street expects the streaming giant to post EPS of $4.21, while revenue is expected to rise 14.5% to $10.11 billion during the quarter.
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