Stocks Are Going Higher (At Least Some of Them)
It looks like stocks are going higher, at least into the “Sell in May & Go Away” window.(possibly longer than that) Starting with one of my bullish calls since last year, NFLX releases earnings after today’s close. I don’t know or care what the earnings actually are, but I do expect the forward guidance about their crackdown on password sharing and their numbers of new Global subscribers, will be the rocket fuel to take the stock up to the 500 gap fill that I have called for since last year’s bottom around 200. (Not sure how long it will take to get there?) I have a few others that should also have nice upside moves in the coming days after earnings releases. Stay tuned.