I would wait until NFLX stock gets beaten down until 70 bucks, then buy it. Paramount coming in for hostile takeover of Warner creates trouble for NFLX. just take out your popcorn đż and watch netflix to see who wins!
Netflix May Lose $90? Short NFLX & Long WBD?
Netflix lost near 15% in two weeks. While institutions upgrades Warner's price target.
As the deal continues to develop, should we be bullish on WBD, bearish on NFLX, or look for an arbitrage opportunity?
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