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Market sentiment improved slightly but stayed in extreme fear. Nasdaq rose 1.11%, while Silence Therapeutics surged 126% on Merck deal.
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Netflix has confirmed it will keep the 2018 stand-up special 'Russell Brand: Re: Birth' on its streaming platform despite the comedian's recent criminal conviction for rape and sexual assault.
Moody's Investors Service confirmed Merck KGaA's 'A3' long-term credit rating, citing the company's solid operational performance and the expected impact of its planned acquisitions, including Silence Therapeutics.
The article recommends three Nasdaq-100 stocks as attractive buying opportunities in November: Amazon, trading lower despite strong AWS growth and record profitability; Comcast, one of the cheapest Nasdaq-100 stocks with a 5.4% dividend yield and upcoming spin-off of content properties; and Netflix, down 53% from its peak but maintaining strong subscriber growth and profitability metrics at attractive valuations.
Five sectors are higher and six are lower in Wednesday's regular session, with cyclical sectors holding two of the top three positions. Technology sits well clear of the rest, separated from the next sector by a margin several times wider than any other gap in the table.
General Motors Holdings LLC plans to provide $650 million in funding to the Thacker Pass joint venture to meet incremental capital requirements.
Netflix has never paid a dividend and doesn't expect to in the foreseeable future, despite growing free cash flow of $12 billion expected for 2026. The company prioritizes reinvestment, balance sheet strength, and share buybacks over dividends. However, buybacks have recently exceeded free cash flow, with Netflix spending $10.7 billion on repurchases through September against $9.5 billion in free cash flow, causing cash reserves to decline from $12.3 billion to $8.2 billion. The analyst believes a dividend is unlikely in the next few years as Netflix needs to rebuild cash and reduce buyback pace.