In the media sector, streaming services giant Netflix (NFLX) is on close watch. The stock fell by around 10% in after-hours trade in reaction to the first-quarter report.
Netflix posted Q1 earnings per share of $1.23 (GAAP). Revenue increased 16.2% Y/Y to $12.25 billion. Guidance disappointed investors, with revenue for 20206 of $50.7 billion to $51.7 billion. Q2 will have the highest Y/Y content amortization growth rate. This falls to the mid-to-high single-digit growth rate in 2H/2026. That will hurt the operating margin.
Dell (DELL) closed at a 52-week high on Thursday. After adding 8.92% to close at $193.09, investors scrambled to buy a value stock. AI hardware companies trade at a premium, while DELL stock has a forward P/E below 14 times.
Even though NVIDIA (NVDA) said that it had no plans to buy a PC maker on April 13, stocks like HP (HPQ) and Dell are on the rise. NVDA stock and AMD (AMD) performed well. Sandisk (SNDK), Marvell (MRVL), and Micron (MU) performed even better.
In the lithium mining sector, Albemarle (ALB) jumped by 16.31% to close at a fresh 52-week high. At prices not seen since 2023, ALB stock benefited from a rebound in lithium prices. Sibayne Stillwater (SBSW) is also attractive, while Lithium Americas (LAC) continues to underperform.
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