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Nasdaq Tumbles Over 400 Points; Netflix Posts Upbeat Earnings

1. U.S. stocks declined, with NASDAQ down over 400 points today. 2. Consumer discretionary shares fell 3%, impacting companies like NFLX. 3. Netflix reported strong Q1 results, exceeding expectations. 4. Expected Q2 revenue for Netflix is $11.04 billion. 5. Analysts predict NFLX earnings per share of $6.61.

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FAQ

Why Bullish?

Netflix’s stronger-than-expected Q1 results suggest a solid financial position. Historical performance shows positive price movement after earnings beats.

How important is it?

Earnings results that exceed market expectations can lead to significant stock appreciation.

Why Short Term?

Positive sentiment from earnings likely to impact stock in the upcoming weeks.

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