I Don t See Anything Compelling on Netflix Right Now Let s take a close look at the NFLX charts. Stocks quotes in this article: NFLX, SUBZ
Netflix Inc. (NFLX) has global recognition as a streaming service. However, the industry is growing and now you can even consider an ETF in this disruptive technology the Roundhill Streaming Services & Technology ETF with the symbol (SUBZ) . Let s stick with individual names for now, though, and see what the charts of NFLX look like today.
In the daily bar chart of NFLX, below, we can see that the shares have largely been stuck in a wide trading range bounded by $460 and $580, give or take. Prices have crisscrossed the 50-day moving average line many times but we can now see the shares trading above the rising 50-day average. The 200-day line is rising and was almost tested last month.
Walt Disney Company (The) (NYSE:DIS), Amazon com, Inc (NASDAQ:AMZN) - What We Know About Star, Disney s Adult-Oriented Streaming Channel
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As the Streaming Battle Heats Up, Check Out the SUBZ ETF
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February 16, 2021
Streaming entertainment is one of the earliest iterations of a disruptive growth technology, and it’s still rapidly growing. Investors can access that trend with active management advantages with the newly minted
SUBZ is the fourth exchange traded fund in the Roundhill Investments portfolio, and the first actively managed fund from the issuer.
The ETF “consists of companies from across the globe who are actively involved in the business of streaming. This classification includes (i) companies that operate direct-to-consumer streaming services including video, audio, livestreaming; and (ii) companies that create infrastructure or technology necessary to facilitate streaming,” according to the issuer.
The two largest Chinese esports streaming companies are featured in the fund:
DouYu International (NASDAQ: DOYU) and
HUYA Inc (NYSE: HUYA).
Even with the 50% U.S. weighting, Stefanidis told Benzinga that several of the names offer multinational exposure.
“Disney has STAR, one of the largest streaming services in India.”
One name people may not be familiar with in the ETF is J-Stream Inc, which trades in Japan, he said.
“J Stream was the first company in Japan to offer streaming services.”
The company is a holding company with five divisions offering content delivery for companies and also telemedicine. Stefanidis said the company is exclusive to Japan right now, but could expand internationally.