Monthly charts bullish MACD - Could be a nice year end rally coming

Netflix beats by $0.04, reports revs in-line with U.S. subs below guidance and international subs slightly above; guides Q4 subs, EPS and revs below consensus  (286.28 +2.03)

• Reports Q3 (Sep) earnings of $1.09 per share, $0.04 better thanthe S&P Capital IQ Consensus of $1.05; revenues rose 31.2% year/year to $5.25 bln vs the $5.25 bln S&P Capital IQ Consensus. 
• Total paid net adds of 6.8m increased 12% year over year and was an all-time Q3 record. Operating margin of 18.7% (up 670 bps year over year) was above guidance due to timing of content and marketing spend, which will be more weighted to Q4'19.
• In the US, paid net adds totaled 0.5m in Q3 vs. our 0.8m forecast, and year to date paid net adds are 2.1m vs. 4.1m in the first nine months of 2018. Since our US price increase earlier this year, retention has not yet fully returned on a sustained basis to pre-price-change levels, which has led to slower US membership growth. revenue growth has been accelerating as US ARPU increased 16.5% year over year in Q3.
• International paid net additions totaled 6.3m in Q3, a 23% increase vs. 5.1m in the year ago quarter, and slightly above our 6.2m guidance forecast. The US dollar strengthened vs. several key currencies over the course of the quarter, which resulted in the variance between our forecasted vs. actual international revenue. International ARPU, excluding the impact of F/X, rose 10% year over year. We're making strides in our key markets and, while we have much more work to do in Asia in the coming years, we are seeing encouraging signs of progress.
• Co issues downside guidance for Q4, sees EPS of $0.51 vs. $0.85 S&P Capital IQ Consensus; sees Q4 revs of $5.442 bln vs. $5.51 bln S&P Capital IQ Consensus.
• For Q4, we're expecting consolidated revenue to increase 30% year over year with 9% streaming ARPU growth. We're forecasting 7.6m global paid net adds (vs. 9.5 mln estimates and 8.8m last Q4), with 0.6m in the US and 7.0m for the international segment. This implies full year 2019 paid net adds of 26.7m, down from 28.6m last year. While we had previously expected 2019 paid net adds to be up year over year, our current forecast reflects several factors including less precision in our ability to forecast the impact of our Q4 content slate, which consists of several new big IP launches (as opposed to returning seasons), the minor elevated churn in response to some price changes, and new forthcoming competition.
• Our long term outlook on our business is unchanged. We're on track to achieve our full year 2019 operating margin goal of 13%. In 2020, we'll be targeting another 300 basis points in operating margin expansion, consistent with the annual margin improvement we've delivered each year since 2017.
• Competition: There may be some modest headwind to our near-term growth, and we have tried to factor that into our guidance. In the long-term, though, we expect we'll continue to grow nicely given the strength of our service and the large market opportunity.
• For the full year 2019, we're still expecting FCF of ~-$3.5 billion. With our quickly growing revenue base and expanding operating margins, we will be able to fund more of our content spending internally. As a result, we're expecting free cash flow to improve in 2020 vs. 2019 and we expect to continue to improve annually beyond 2020.
• Starting with our Q4'19 earnings report in January 2020, we plan to disclose revenue and membership by region
• 
  

lowered Subscriber growth for Q4.. Beat on Q3

stockcharts down?

Starting to look like a false break..lets see

Headline misleading...I saw same one as you Steve..But if you open article it says will be fully online by end Sept

Perhaps state the obvious..Aramco is going public....higher Oil  prices raises the valuation of the deal..just saying

Blackberry fundamental write up

AMZN looks decent here. 

For some reason, I cannot open last nights newsletter. every time i hit the link, it take me to a page to resubscribe,  I have plenty of time on my subscription. can you please advise.

SPY Options I bought on Friday near the bell, closed out today for a 13% Gain

Thanks Matt. I am making my first entry today at the bell using the Aug 260 calls. any reason why i shouldnt take that trade here?

Matt can you send me as well..I like following paint dry too

I really dislike Tesla / Musk but action around 61.8% Fib on weekly is holding. I think its a long here with a stop just below days lows. 

Matt can you please post yield curve chart of yours

Likely Brexit related. Theresa May's deal failed again

Very slow and interface freezes alot

Does anyone know the symbol for Leading Indicators and Global Leading indicators on stock charts

We feel your pain. It was 50 this morning in South Florida

Clarification - I just went to systems tab - I noticed the system is short as of 1/7/2018 - after the initial cover a few days before - is this accurate - system short?