Stock Market Update- 10/6/17

This week in the stock market, there was clearly one standout: That company’s ticker symbol is NFLX (Netflix, Inc.)

Very often, publically traded companies send signals to Wall Street investors as to when top-line revenue growth is about to increase.

This week Netflix decided to raise it’s monthly subscription fees on subscribers who stream their service on multiple devices. This increase in monthly revenue will reveal itself in Q4 earnings.

NFLX is currently trading at just below $200 per share, and is clearly on its way to $300 per share within the next 52 weeks.

If you are building a position on this stock, please make sure you are using a $5 buy signal as your guide.

I'm looking forward to helping you create even greater success.

Tyrone Jackson

The Wealthy Investor