So far, among big Internet players, Yahoo, Google and Ebay have already reported this week with contrasting pictures : Google again reported a blow out quarter (stock jumped 8% yesterday), Yahoo saw its profitably significantly dip over the past year (stock fell by a few % but had already dropped by 20%+ previously) and Ebay was rather mixed with both positive notes and some question marks !
Early next week, 3 large Internet retailers will report, Amazon (24th), VistaPrint (23rd) and Netflix (23rd). Stay tuned, I'll post on their earnings.
As it is a prominent e-tailer (indeed, among the top 3 worldwide in sales), I posted many times on Netflix on this blog, last was on July 27th when I mentioned I would be cautious because of the VOD threat to Nteflix' core business. Early July the stock was trading in the end 20s while it's now in the low 20s. However, thinking over the market, it shall be many years before VOD becomes really mainstream and the fact is that Netflix is still enjoying a tremendous growth (close to 50%) and has little true competition. Though I don't have solid conviction on the long term success of the Netflix model, I believe current stock prices are now very attractive.
Remembering my PepsiCo tenure, I also kept an eye on giant soft drink manufacturer Coke (KO) which posted an impressive volume growth and beat Wall Street numbers. As a result, stock jumped almost 5% yesterday to end at a 52 week high. Looks like Coke got some of his fizz back and I expect the stock to outperform the market in the near future.
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