While the stock market as a whole is still down, we are starting to see some upsides in the market. This includes the yield on bonds as well as some individual companies such as Netflix.
While the stock market continues to stay bearish, we have recently seen some positive jumps from both bond yields and some individual stocks.
The 10-year Treasury yield rose 12.9 basis points to 4.127%. Marking this as its’ highest level since late 2008. This can be seen as a good opportunity for individuals looking to invest in more secure, long-term assets.
Also Netflix (NFLX) stock rallied 13.1% after the streaming giant unveiled better-than-expected third-quarter results and gave details on its planned crackdown on password sharing. Many market advisors are quite excited about these future updates from Netflix, including Wes Gottesman, market advisor at Web3 trading platform TradeZing.
“I believe this will be a major hit for budget-conscious consumers, as Netflix proposes they will be adding another 4.5 million subscribers during the first fiscal quarter.”
“Not only will Netflix continue to be paid a monthly subscription fee, but they will also generate ad revenue, along with their ad-free tier.”Wes Gottesman, TradeZing Market Advisor
Check out Kiplinger’s full article to learn more about the recent upsides that we’ve seen from other stocks including Proctor & Gamble, United Airlines, and more!