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Readers of http://TheSummary.co will have read last week that there was reason to be worried about Netflix's Q2 earnings report.
The stock subsequently went down 12%. Read more
The stock subsequently went down 12%. Read more
UBS downgraded Netflix from 'Buy' to 'Neutral' after streaming companies did particularily well during the lockdown period.
Netflix managed to go up by 60%. One of the best performers in the S&P 500.
From its high, the stock fell 6.7%, making it at that point, the single biggest drop since March.
It was expected that with the Q2 earnings report, the benefits of the rally would already be baked in to the share price.
It was expected that with the Q2 earnings report, the benefits of the rally would already be baked in to the share price.
Wedbrush cautioned that "competition for both content and subscribers may slow growth and limit the potential for price increases."
Come Thursday, Netflix reported weaker than expected results, which further pushed the stock down 12%.
Come Thursday, Netflix reported weaker than expected results, which further pushed the stock down 12%.
Commodities to watch: Gold and LithiumGold has been on the up in part due to fears of the pandemic, but also becaused of renewed trade wars between the US and China.
Beijing pushing new powers on Honk Kong to squash opposition was met with Washington trying [..]
.. to destabalise Hong Kong's currency peg to punish China.
The recent spat with 5G has also meant that the UK, Brazil, the US and more are rejecting Huawei's infrastructure, further increasing tensions.
All of this uncertainty makes firms believe gold will continue to rise.
The recent spat with 5G has also meant that the UK, Brazil, the US and more are rejecting Huawei's infrastructure, further increasing tensions.
All of this uncertainty makes firms believe gold will continue to rise.
And why Lithium?EVs need batteries. Batteries are made using Lithium Polymer (LiPo) batteries. Cars need a lot of them. And the world is going renewable!
But it's been a rough journey so far...
Excitement for EVs lead to an oversupply of Lithium and Cobalt in 2018, driving prices down. EVs were expensive and still 'new'.
When optimism returned, as did the demand
But then the pandemic struck, driving car sales down and halting the recovery
When optimism returned, as did the demand
But then the pandemic struck, driving car sales down and halting the recovery
Major 
: The world wide market for lithium-ion batteries is expected to reach $58.8 billion by 2024 from $7 billion in 2018.
Citigroup expects battery grade lithium prices increase 42% in 2022 from current levels due to demand of EVs from China and Europe. This is one to watch!
: The world wide market for lithium-ion batteries is expected to reach $58.8 billion by 2024 from $7 billion in 2018.Citigroup expects battery grade lithium prices increase 42% in 2022 from current levels due to demand of EVs from China and Europe. This is one to watch!
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Don't get caught out by the next 12% 'flix drop
Don't get caught out by the next 12% 'flix drop
