Major Averages Broadly Higher as U.S.-Iran War May End Soon
The major averages were broadly higher near noon as investors weigh the odds that the U.S.-Iran war could potentially be over soon. Over the weekend and into today, headlines have pulled in opposite directions. On one hand, there are reported to be discussions around a potential 45-day ceasefire between the U.S. and Iran, which has helped stabilize sentiment and even push oil lower at moments. On the other hand, renewed threats around striking Iranian infrastructure are keeping crude elevated around the $110 range and preventing a full risk-on move.Meanwhile, Monday is the first trading day since the U.S. Bureau of Labor Statistics announced its jobs report for March. The U.S. added 178,000 jobs last month, the biggest gain since December 2024, with the unemployment rate falling to 4.3%.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:NeurocrineSoleno Therapeuticsfor $53 per share in cashAn Italian court ruled that Netflixunlawfully increased prices,WWannounced the establishment of theOracle (ORCL) announced the appointment of Hilary Maxson as CFO, which Barclays views asMarch U.S. nonfarm payrolls rose 178,000, with the2. WALL STREET CALLS:Netflixto Buy at Goldman SachsCarvanato Neutral at BofAKratos Defenseto Buy at Jefferies on missile demandTwilioto Buy at JefferiesBofADow Inc.and LyondellBasellto Underperform3. AROUND THE WEB:Mazdais halting production of vehicles made for the Middle East until May following the effective closure of the Strait of Hormuz, Nikkei Asia saysA Meta-backeddata center campus is seeking $3B in construction loans for an off-grid project, FT reportsLiberty Globalhas tabled an offer to buy a London-based franchise that would participate in a new European basketball league being set up by the National Basketball Association, Sky News saysParamounthas received signed equity commitments of close to $24B from three sovereign-wealth funds led by Saudi Arabia to help back its takeover of Warner Bros. Discovery, WSJ reportsUniversal Pictures' and Nintendo's"The Super Mario Galaxy Movie" has earned an estimated $372.5M in worldwide box-office sales, the biggest opening of 2026 so far, WSJ says4. MOVERS:FuboTVgains afterfor FY26 and FY28AMC Entertainmentincreases after delivering aover the 5-day Easter weekendSeagatehigher after Morgan Stanley named the company as aViridianfalls after Amgen'sPhase 3 trial of Tepezza met itsAtlas Energylower after announcing a5. EARNINGS/GUIDANCE:Sunshine Biopharma, with EPS and revenue higher year-over-yearScinai Immunotherapeuticstargeted $5M inDeFi Technologies, with the company stating, "These results reflect the strength of the business model we have built"Delta Air Linesis expectedon April 8, 2026Constellation Brandsis expectedon April 8, 2026INDEXES:Near midday, the Dow was up 0.20%, or 93.54, to 46,598.21, the Nasdaq was up 0.42%, or 91.62, to 21,970.80, and the S&P 500 was up 0.28%, or 18.18, to 6,600.87.
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- Strong User Growth: By the end of 2025, Netflix surpassed 325 million paying subscribers, significantly outpacing rivals HBO Max and Disney+, which each have around 131 million, solidifying its dominance in the streaming market and expected to continue attracting new users and increasing market share.
- Surge in Ad Revenue: In 2025, Netflix's advertising revenue reached $1.5 billion, growing over 150%, with expectations to double again in 2026; while the ad-supported subscription model generates lower initial revenue, the long-term value increases as the subscriber base expands.
- Impressive Financial Performance: Netflix anticipates first-quarter 2026 revenue of $12.2 billion, reflecting a 15.3% year-over-year growth, marking an acceleration in revenue growth, with projected earnings of $0.76 per share, the highest in company history, boosting investor confidence.
- Attractive Stock Valuation: With a current P/E ratio of 40.3, below the five-year average of 42.5, and projected earnings growth to $3.17 per share in 2026, Netflix's stock would need to rise 52% to maintain its current valuation, indicating strong potential returns for investors.
- Resignation Reason: Jeff Shell resigned from his position as President of Paramount Skydance due to a lawsuit alleging SEC violations, although the company stated that no SEC violations were found and labeled the claims as 'baseless'.
- Legal Action: Shell has opted to take 'forceful legal action' in response to the lawsuit, indicating his commitment to defending his reputation while also reflecting the company's supportive stance in this matter.
- Strategic Company Shift: Following Paramount's successful acquisition of Warner Bros. Discovery, Shell's future role remains undefined, particularly with the influx of new executives, which could impact the company's leadership structure and decision-making processes.
- Past Controversies: Shell previously resigned as CEO of NBCUniversal in 2023 due to an 'inappropriate relationship' with an employee, and this resignation further complicates his controversial image in the industry, potentially harming Paramount's brand reputation.
- Executive Departure: Jeff Shell has stepped down as President of Paramount amid a lawsuit alleging SEC rule violations, although the company asserts that these claims are 'baseless'.
- Legal Action: Shell has opted to pursue 'forceful legal action' in response to the lawsuit, indicating his commitment to defending his reputation, which may also impact the company's governance structure.
- Acquisition Context: Following Paramount's successful acquisition of Warner Bros. Discovery in 2023, Shell's future role has become uncertain, particularly since he was not involved in the deal negotiations, potentially leading to a reshuffling of management.
- Past Controversies: Shell previously resigned as CEO of NBCUniversal in 2023 after admitting to an 'inappropriate relationship' with an employee, further intensifying scrutiny on his professional trajectory.
- Habits and Identity: David Gardner quotes James Clear, emphasizing that habits are pathways to identity change, suggesting that investors shape their self-perception through daily actions, thereby enhancing long-term investment success.
- Investing to Predict the Future: Kleiner Perkins' idea that “we invest to predict the future” highlights how investors become more observant of market dynamics when they hold stocks, improving their foresight of future trends.
- Market Uncertainty: By referencing Shakespeare, Gardner points out the “stubbornness of fortune” in investing, stressing the importance of long-term holding and regular investing to navigate the uncertainties brought by market fluctuations.
- Responsible Questioning: Gardner discusses Warren Berger's perspective, emphasizing that in an age of information overload, investors should question with curiosity rather than antagonism to improve the quality of their investment decisions.
- Identity and Habits: David Gardner emphasizes that habits are crucial in shaping identity, where every action serves as a vote for one's future self, enabling investors to gradually form their investment identity through consistent small habits, thereby enhancing long-term investment success.
- Investing and Observation: Gardner cites Kleiner Perkins' perspective that investing is not just about predicting the future but becoming a more astute observer through investment, paying attention to market changes and company dynamics to gain a competitive edge.
- Market Volatility Response: In the face of market fluctuations, Gardner advocates for a 'quiet and sweet style' through regular investing (like dollar-cost averaging), a strategy that helps investors remain calm amidst uncertainty and avoid emotional decision-making.
- The Art of Questioning: Gardner highlights the importance of questioning, encouraging investors to ask not just 'what should I buy' but 'why can this company succeed', thereby improving the quality of investment decisions through deeper inquiries.
- Acquisition Plans Halted: Netflix's plan to acquire Warner Bros. Discovery for $82.7 billion was abandoned as Warner opted for Paramount's offer, leading to a recovery in Netflix's stock from a recent 42% decline, indicating renewed investor confidence in the company's future.
- Strong User Growth: By the end of 2025, Netflix had over 325 million paying subscribers, significantly outpacing rivals HBO Max and Disney+, demonstrating the effectiveness of its content spending strategy in attracting new members and solidifying its market dominance.
- Advertising Revenue Surge: Although advertising revenue accounted for only $1.5 billion of total revenue in 2025, it grew by over 150%, with expectations to double again in 2026, providing Netflix with additional funds for premium ad slots and enhancing its profitability.
- First Quarter Performance Expectations: Management anticipates first-quarter revenue for 2026 to reach $12.2 billion, reflecting a 15.3% year-over-year growth, which would mark the best quarterly performance in the company's history, showcasing Netflix's strong momentum in a competitive streaming market.











