Netflix (NFLX) lost 200K subscribers in the first quarter, well short of its scaled-back guidance for additions of 2.5 million subscribers, and projects to lose 2 millions in the current quarter. NFLX blamed inflation, the Ukraine war and fierce competition for the subscriber loss and predicted deeper losses ahead. This news shocked everybody and stock dropped sharply by down over 37%. 9 analysts downgrade NFLX this morning. NFLX nose dive also dragging down other streaming-related stocks, including Walt Disney (DIS -5%), AMZN (-2.51%), ROKU (-6.3%), and FUBO (-7.3%). Meanwhile Proctor and Gamble (PG +2.7%) and IBM (+6.3%) both reported better than expected earnings and are supportive to the Dow Jones Industrial Average. The Nasdaq Composite is down 0.8% while the Dow and S&P 500 are up 0.94% and 0.33% respectively. Beware, another shock may be coming after market close as Tesla (TSLA -3.8% ) reports earnings. Lessons from NFLX's 69% from all time high and many so called disruptive tech growth stocks with similar losses from their all time highs, more bad news may be coming. It's time to avoid high tech growth stocks!
Technically. the Nasdaq Composite failed at its 50 day moving average resistance and is still on course to test its March low of 12555. The sharp drop in NFLX will likely bring in more weakness near term and is a stock to avoid.
Netflix (NFLX) 在第一季度失去了 20 万用户，远低于其缩减后的 250 万用户增加的预期，并且预计本季度将失去 200 万用户。 NFLX 将用户流失归咎于通货膨胀、乌克兰战争和激烈的竞争，并预测未来会有更严重的账户流失。这一消息震惊了所有人，股价暴跌超过 37%。今天早上有 9 位分析师下调了 NFLX 的评级。 NFLX 暴跌也拖累了其他与流媒体相关的股票，包括沃尔特迪斯尼 (DIS -5%)、亚马逊 (-2.51%)、ROKU (-6.3%) 和 FUBO (-7.3%)。与此同时，宝洁（PG +2.7%）和IBM（+6.3%）均公布了好于预期的收益，并支持道琼斯工业平均指数。纳斯达克综合指数下跌 0.8%，而道琼斯指数和标准普尔 500 指数则分别上涨 0.94% 和 0.33%。从 NFLX 的从历史最高点下跌了69% 以及许多受欢迎的所谓颠覆性科技成长股从历史最高点的类似损失的教训，更多的坏消息可能会出现。请注意，随着特斯拉（TSLA -3.8%）盘后公布财报，收盘后可能会带来另一波负面冲击。是时候避开高科技成长股了！
从技术上讲。纳斯达克综合指数未能突破其 50 天移动平均线阻力位，仍在走向测试其 3 月低点 12555的路途中。NFLX 的大幅下跌可能会在短期内带来更多的疲软，是需要避免参与的股票。
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