Streaming favorite Netflix Inc (NASDAQ:NFLX) is down 1.1% to trade at $1,291.57, after suffering a downgrade to "neutral" from "buy" at Seaport Research Partners.
Directors who have made their mark with theatrical releases — like Greta Gerwig, Rian Johnson, Martin Scorsese and Alfonso Cuarón — are also making content exclusively for Netflix. The streamer offers lucrative contracts, creative freedom and an audience pool of more than 300 million subscribers, Hollywood insiders told CNBC.
The three US tech stocks in this analysis all seem to be a bit soft in the premarket on Monday but are all three in strong recent uptrends. At this point, the market is likely to give back some of the momentum, only to attract more buyers.
When it comes to streaming video services, Netflix (NFLX 0.92%) requires little introduction. From its humble beginnings mailing DVDs to customers using its signature bright red envelopes, the company has become ubiquitous as the world's largest subscription-based streaming service.
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