Netflix (NFLX) stock closed in the red on Tuesday after the company announced that studio executive Amy Reinhardt would replace Jeremih Gorman, the company’s president of advertising, according to the Information.
Solar power stocks like Sunrun (RUN), Sunnova (NOVA), and SunPower (SPWR) are on the rise as France plans to increase solar capacity and California regulators encourage rooftop solar panel installations We ended the day with green prices as we delayed the decision to cut gold. .
Electronic Arts (EA) stock ended the day higher after Bank of America analysts upgraded the stock to “buy” from “neutral.”
Yahoo Finance’s Julie Hyman and Josh Lipton highlight some of the day’s trending stocks. For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
video transcript
Julie Hyman: Now, as for the stocks we’re watching for the day, a new report has come out that suggests Netflix’s advertising may be proving tougher than the streaming giant expected. The company’s stock price fell 3%. And they are also trending on the Yahoo Finance platform.
Now, this news covering the technology industry is reporting that there are some personnel changes at Netflix, with Netflix executive Amy Reinhart replacing head of advertising sales Jeremih Gorman. It’s been there for a while.
Josh, there’s been some kind of wave in people’s expectations for Netflix’s ad-supported service. However, I felt that the recent waves were quite positive.
Josh Lipton: Yeah, it’s the other people that are interesting. So those are the ones who actually reminded me that there were some discussions among executives. [? You know, ?] Last week, we named new executives to the roles of Chief Product Officer and Chief Technology Officer. So there was some movement there. As you know, stock prices may not be doing very well today. In fact you can see that he is down more than 3%. However, we had a great cast this year as well.
Julie Hyman: Well, that’s partly due to the optimism about this ad offering and its revenue.Those were increases in revenue. [? they ?] I was going to get something out of it. So what’s interesting here is that there’s this content that purports to be this kind of behind-the-scenes reporting from information, and maybe what’s in there isn’t as solid as the analysts expected. But as you said, he’s still up 62% over the past year.
Josh Lipton: not bad [? note. ?]
Julie Hyman: Not at all.
Josh Lipton: Shares of solar power companies rose in today’s trading. France — Announces plans to expand domestic solar power capacity. Meanwhile, California regulators are delaying decisions to reduce incentives for installing rooftop solar panels on apartments, schools and farms.
And you can see these movements here, Julie. Look at the big moves in this space, including SunPower, First Solar, Sunrun, and SolarEdge.
Julie Hyman: Yeah, it’s a big move, and it’s a space that’s been beaten down lately, or at least destabilized lately. SolarEdge specifically caught my attention yesterday as it was one of the worst performing stocks on the S&P 500. The home base is Israel.
Josh Lipton: Interesting, yes.
Julie Hyman: Therefore, yesterday it was caught in the wave of declines in stock prices associated with that country because of the outbreak of war there. But a lot of those stocks are also looking at other stocks, like Mobileye and Fiber. ISRAEL — A lot of Israel-based stocks are back today, and so are a lot of these solar stocks today.
California’s decision, which was just postponed until early November, could result in cuts to incentives for solar panels and solar power plants in various regions. But nevertheless, that delay is enough to create some sense of relief in the group.
Josh Lipton: Okay, take a look.
Julie Hyman: yes. And again, we’re looking at another piece here. EA–Electronic Arts, Bank of America upgrades its stock from Neutral to Buy. And the company believes the risk balance of EA’s rebranding of the FIFA series is attractive. Do you like games? do you understand–
Josh Lipton: As you know, I’m not a gamer. I’m not anti-gaming. Some of my best friends are gamers. But it never found me. This is also interesting. I remember talking to Michael Pachter from Wedbush recently.
Julie Hyman: yes.
Josh Lipton: And we asked him, with Microsoft’s deal with Microsoft Activision making so much news, does he think a company like Electronic Arts or Take-Two could be next? . And he said given all the regulatory challenges, headaches and drama, there’s no chance.
Julie Hyman: interesting.
Josh Lipton: That’s beside the point, but he doesn’t think so.
Julie Hyman: Well, I think the people at Bank of America think so. They say they believe the guidance will “remove investor skepticism about sports franchises’ ability to grow next year.” So at least today’s investors seem to believe that claim and are buying the stock, which is up nearly 3%.
Josh Lipton: Electronic Arts has a new friend in Bank of America. It’s an honor to meet you.