NFLX met revenue and beat profit expectations but subscriber growth is slowing amid heavy competition; the business is not in bad shape. Near $64 it may be forming a bottom at a 2024 level, but a further roughly 10% decline below $60 is the more likely level to buy for a rebound.

The stocks have risen, you know, thanks to SpaceX's earnings, but Netflix has somewhat disappointed and fallen.

Next up is " Netflix". Netflix has disappointed . Although it met revenue expectations and exceeded profit expectations, it showed a slowdown in new user subscriptions, did n't it?

Growth in user subscriptions. So, it's not that the company is in bad shape, and it's not that it's failing, but its growth is slowing down. As you know, this is not surprising given the large number of competitors in this field.

If you just glance at your phone , right? Or your apps or all your subscriptions, as I recently did, you'll find Apple TV, HBO, Amazon Prime, Hulu, and Paramount, right? The list goes on and on.

So, all these other companies come in and take their share of the market. They were looking forward to the possibility of entering the world of sports, getting some NFL games , and trying to win the World Cup.

Um... but for me, as far as Netflix is concerned, isn't that right? We may be forming a potential bottom here, but we have reached levels at $64. Basically , it reached levels dating back to 2024.

There's that price gap here, which I think it kind of bounced off of. But for me, I'm more likely to target this lower area here, below $60, as a potential buying level. Let's assume there's an additional sell-off, another pullback and decline, perhaps by another 10%, we might look for a buying opportunity for a potential rebound here in Netflix stock.