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Netflix Leads Media Stocks Higher On Bullish Report Amid Broad Market Uptick
Netflix led media stocks higher in a market rebound after a bullish analyst report said the company "has won the streaming wars. Case closed."
“We raise our estimates with greater confidence in the margin expansion story,” Fishman wrote as Netflix stock oupaced its peer and the broader markets rising 4.2% in mid-afternoon trade to about $956. With trade wars threatening to increase inflation, Treasury Secretary Scott Bessent fanned worries Sunday when he told NBC’ Meet The Press that “corrections are healthy,” that he isn’t concerned about the market downturn and that he does not guarantee the U.S. won’t face a recession. The Federal Reserve is meeting this week – March 18 and 19 — a key gathering where markets and investors will get the first inkling of where it stands on interest rates.
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