$Netflix(NFLX.US)

Context: Wolfe Research kept its Outperform rating on Netflix and lifted its price target to $95 from $84. Analyst Peter Supino said combing through millions of data points tied to how people actually watched Netflix content led the firm to a specific conclusion: the timing of new releases, not any underlying erosion in the business, best explains the softer subscriber and engagement figures from the second quarter. He said the lineup of shows and films set for the third quarter looks more promising, and that Netflix’s expanding live programming push appears to be gaining traction.

My Trade: I started my position in Netflix post split end of last year and bought the dips when others were weary of increasing competition and lower costs in the entertainment industry. I am just riding out the lows and waiting patiently for the recovery.

Takeaway: Be patient. Netflix previous earnings narrowed their full year revenue outlook, with results just about beating expectations. I fully expect them to continue their shareholder returns scheme through buybacks and investing into the "livestream" portion of their platform.,@Captain's Treasure