Trade Alert: Stiffer Competition Will Hurt This Streaming Giant (And An Adjustment on SCHW!)
The success of Netflix is undeniable. But, with success comes competition, including direct attacks on their model from much larger firms in the entertainment space. The ability of Netflix to beat quarterly expectations does not speak to the long-term challenges the company faces. Jim and Scott target this streaming giant as stiffer competition and slower growth will send its stock price lower. Also, we have a second adjustment trade for our SCHW position today.