Netflix (NASDAQ:NFLX) announced their earnings last night. While they lost money, they beat expectations on the loss and exceeded expectations for sales. Management effectively met their targets and expect to continue doing so.
The market must be selling on the news. Stock is down about 15% this morning on NO BAD NEWS.
Stock is at $87.80. I expect a nice, slow climb back over $100.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.