Now THAT was unexpected for Netflix

NFLX rallies big in after hours ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Now that's an earnings upset. Netflix (NFLX) looked like it was staring down the barrel of a catastrophe... And had previously projected itself to lose more than 2 million subscribers this quarter. Instead, it reported yesterday that it was only losing 970,000 subscribers. I guess not enough people can bring themselves to abstain from "Netflix & Chill..." Earnings per share were close to 30 cents better than expected, though revenue was a slight disappointment. The really interesting part is that Netflix says it will add one million subscribers in the next quarter, reversing the losses seen so far. Now, it's dangerous when it becomes a projection... After all, one of the big things that Netflix has been focusing on is its new partnership with Microsoft. Maybe it's just me, but new ad plans aren't the kind of thing that are going to attract new subscribers. However, investors clearly think it will bring in more revenue. NFLX was up close to 6% during the day and close to 8% in after-hours trading. That's an incredible turnaround considering that even with yesterday's blockbuster performance, NFLX is down more than 60% over the last six months. What's of interest to me even more than the technical aspects underlying the trade is what it says about the psychology of the market right now. There are some troubling long-term trends, but there's no doubt we're in the middle of at least some kind of rally. And seeing NFLX surge on reports that things weren't as bad as expected is frankly remarkable. Remember, the larger economy is not the stock market. They are related, but don't move in tandem. Don't count out the chance of a rally - even a sustained rally - in the midst of reports about doom and gloom... whether about the country, the economy, or even just one corporation. Let's see what NFLX and the rest of the market has for us today. There's always one constant - opportunity. Keep Moving, Any strategy that makes you money consistently is worthwhile. Though many new traders believe that trading is primarily about indicators and tools, Chris maintains that it is at least 95% about emotional control. This is especially relevant in this bearish, choppy market which has made the trading world extremely difficult. Learn some pro tips to come back from your losses and stay in the game. [CLICK HERE TO WATCH]( WORD ON THE STREET Hoover Dam Explosion, Banks Stop Buybacks, Netflix's New Strategy - Take What You Can. Give Nothing Back. – Compared to the first quarter, banks reduced stock buybacks to just $5.1 billion compared to $17.5 billion. JPMorgan Chase (JPM), Citigroup (C), Goldman Sachs (GS) and others have all said they are ceasing buybacks to build up funds. Stock prices are down, but investors are frustrated that banks aren't taking advantage of it to buy back stock.  - Fire Sparks Fear At Hoover Dam – Perhaps there's nothing that symbolizes America's can-do spirit like the Hoover Dam. So it was a national panic when reports came in of an explosion at the historic landmark. However, Lower Colorado Regional Director at the Bureau of Reclamation Jacklynn Gould assured the country there was no danger. "There is no risk to the power grid," she said. A transistor burst into flames, but luckily no injuries were reported. Doug Hendrix, Deputy Public Affairs Specialist at the Bureau, said the incident was probably caused by "a piece of equipment that wore out." Don't worry, it's not a big deal if this blows - "I Shocked The World!" – Netflix (NFLX) was going into this earnings report with a lot against it. Subscribers fleeing. Political opposition. Investor fury. But Netflix came back strong by reporting fewer subscribers had fled than feared and that its new ad partnership with Microsoft would turn the financial tide. Now the real challenge will be for Netflix to meet its target of gaining a million net subscribers. - Union Starts At Chipotle, Chipotle Shuts Down The Branch: Chipotle (CMG) is one of the many huge American companies fighting unionization drives, as the high price of labor gives workers an advantage. The company allegedly has found one blunt way to stop unionization. A union was formed at a branch in Augusta, Maine. Perhaps not coincidentally, the company shuttered the location on Tuesday. A complaint has been filed with the National Labor Relations Act, charging the company with union-busting. This “tool” earned over $400k in 12 months. Video uncovers the winning tactics that handed one trader an average $7,300 in profit every week using just shy of $12,000 in capital. [Watch The Official Replay Right Now — Click Here]( HOT SPOTS: What's Going on in Geopolitics - Army Set To Miss Target – The United States Army will likely be understrength by at least 7,000 soldiers by the end of the fiscal year. Army Vice Chief of Staff Gen. Joseph Martin said the force will probably end up totaling between 445,000 and 452,000 soldiers. All the armed services have been suffering recruitment problems, but now it's becoming serious and Congress is likely to get involved. - US Intel: Russia Moving To Annex – American intelligence reports that Russia is moving to annex much of the territory it now controls in Ukraine. Tactics include finding "illegitimate proxy officials" to serve in local administrations and forcing Ukrainians to take Russian passports. "We want to make this plain to the American people," said National Security Council spokesman John Kirby. "Nobody is fooled by it."  - Kissinger Warns Against Showdown With China - Former Secretary of State and National Security Advisor Henry Kissinger recommended "Nixonian flexibility" in response to the complicated geopolitical situation. Kissinger said that while it is important to prevent China's "or any other country's hegemony," he argued that "endless confrontations" likely won't achieve much. CUTTING EDGE: What[']( Happening In Tech - Nuclear Fusion Funded - See, now this is the kind of tech news I was expecting to read when I was a kid. Google and Chevron were among the investors in a $250 million funding round for TAE Technologies. The nuclear fusion startup is hoping to have a commercial scale fusion reactor delivering energy in the 2030s. Such a reactor could potentially deliver cheap, clean energy - solving many of the world's toughest economic and geopolitical problems at a stroke. - Novovax Gets FDA Approval – Novavax (NVAX) got official approval for its two dose COVID-19 vaccine for adults, marking a late entry into the vax race. The company said it would focus on the unvaccinated population, those who avoided vaccines from the other companies for whatever reason. The company was the beneficiary of $1.8 billion from the government's Operation Warp Speed. Well, this wasn't warp speed but they got there eventually. - Extinction Crisis Well Underway – According to a new study in the journal "Frontiers in Economy and the Environment," 1 in 3 species either face extinction or have been driven to extinction since 1500. The magnitude of the disaster shocked researchers, who thought it would be far less. If current trends continue, an estimated 37% of species will be driven to extinction by the end of the century. The study was conducted with the participation of 3,331 researchers from about 200 countries FOR YOUR CONSIDERATION “The same traders pushing the tickers up and down during the October to January months often take long vacations in the summer. They don’t trade much because they don’t have to…and liquidity dries up.” Despite the recent rally, Chris Hood argues that a market downturn is on the way. However, timing it is tricky. In a time of massive volatility, Your Options Coach lays out some specific strategies you can use to minimize risk and maximize your gains. [RANGE BOUND AND DOWN]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. Copyright © 2022 Rogue Investing. All Rights Reserved. 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