Observed Signal · Apr 22, 2026 · Earnings Report · Source: CNBC Investing · Impact: 4/5 · Sentiment: Positive
Joe Terranova Buys Netflix on Post‑Earnings Pullback
Joe Terranova, chief market strategist at Virtus Investment Partners, said on CNBC he plans to reestablish a position in Netflix following a post-earnings pullback, citing the streamer’s move into live entertainment as a long-term catalyst. Netflix shares have fallen about 15% since Thursday after the company issued a disappointing current-quarter earnings forecast of $0.78 per share versus an LSEG analyst consensus of $0.84. Retail investor flows into Netflix spiked, with the 5-day rolling net retail buying reaching $290 million — the highest level since December 2025. The CNBC segment also featured other investors: Stephen Weiss bullish on UnitedHealth after an earnings beat, and Anastasia Amoroso cautioning that public cybersecurity stocks are crowded and that investors should select firms embedding AI.
Netflix is a major streaming platform and its move into live entertainment could materially affect CTV/streaming ad inventory and advertiser strategies; the article reports on investor reactions to Netflix's earnings and guidance, which have market and industry implications.
Track Netflix Signals & Market Shifts in Real-Time
Polaris7 autonomous intelligence agents track regulatory filings, primary sources, executive changes, and deal flow 24/7. Create your free Explorer workspace to monitor these entities.
Key Takeaways & Evidence Grounding
- Joe Terranova, chief market strategist for Virtus Investment Partners, said he will reestablish a position in Netflix because of the company’s shift into live entertainment.
- Netflix posted a disappointing current-quarter forecast of $0.78 per share versus $0.84 per share analysts polled by LSEG, and its shares plunged about 15% since Thursday.
- Five-day rolling net retail buying into Netflix rose to $290 million on Tuesday, the highest since December 2025; the same metric for the Invesco QQQ Trust (QQQ) was about $186 million in the same window.
- Investor Stephen Weiss (Short Hills Capital Partners) expressed a bullish view on UnitedHealth after its earnings beat; Anastasia Amoroso (Partners Group) warned public cybersecurity stocks are crowded and recommended selectivity.
Connected Companies & Entities
3 Entities mappedRelated Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Trader Mike Khouw Sees Netflix Ad Growth Powering Recovery
Trader Michael Khouw argues that Netflix's stock is cheaper while the underlying business is improving, driven by higher margins, free cash flow, and an emerging ad business. The article cites Netflix trading at about 18.9x forward earnings, roughly four turns above its 2022 trough, and highlights roughly 325 million paying members as a scale asset for connected-TV advertising. Khouw cites an expected ad revenue ramp (around $3 billion this year, with a potential path to $10 billion by 2030), management share buybacks, and generative AI lowering content production costs as positive fundamentals. He outlines a defined-risk options trade (an August 65/78/88 covered strangle) that yields about $1.10 net credit (~1.5% in 25 days). The piece frames these developments as supportive for Netflix’s monetization and CTV advertising prospects.
Traders Bet on Netflix Comeback Quarter
Options traders showed bullish positioning ahead of Netflix's earnings on Thursday, with call volumes rising and many traders selling at-the-money puts. Data from ThinkOrSwim, SpotGamma and Cboe LiveVol cited increased call buying and heavy put-selling activity, while options pricing implies an expected post-earnings swing of about 7.6%. Analysts flagged that Netflix is testing technical support near $70–$75, and Nielsen data show Netflix's U.S. TV viewership share touched its lowest level in over a year. Commentators noted engagement pressures from the mix shift toward ad-supported subscribers and rising competition.
What Netflix Can Say After Earnings
Netflix, the dominant streaming platform, reports quarterly earnings after the bell on Thursday as analysts search for a meaningful catalyst to revive a stock that has fallen about 19% year-to-date and more than 40% over the past 12 months. Wall Street is focused on subscriber churn after price increases, engagement metrics, content spending and whether second-quarter subscriptions meet internal expectations. Some analysts hope M&A could provide a spark after consolidation moves elsewhere in the sector, while reports say Netflix is considering adding live TV and bundled subscriptions. A Guggenheim survey found Netflix was the top short idea ahead of the quarter. Analysts from Jefferies, Citigroup, Morgan Stanley and Bank of America have all flagged the lack of obvious near-term catalysts for the company.
Track Real-Time Market Signals & Shifts
Set up custom watchlists to receive automated, evidence-grounded executive digests whenever material signals or shifts occur across your tracked landscape.