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Netflix Reports Earnings Today. Can It Restart the Tech Rally?


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Earnings season started last week with results from
JPMorgan
and other big banks. Or did it? For many investors, it doesn’t really begin until
Netflix,
the first of the big tech stocks, reports after Tuesday’s close.
Tech looms over the market. The FAANG stocks plus
Microsoft
have a combined market cap of more than $7 trillion, or roughly 22% of the total value of the
And big tech has been stuck. The FAANG+M stocks have risen an average of just 1.4% over the past three months, trailing the 8% gain of the market. Banks and energy stocks have risen more than 40% over that period. ....

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Great Escapes: Winemaker Dan Petroski's Pandemic Inspirations


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Between turning out Cabernet Sauvignon for historic Larkmead Vineyards and California riffs on crisp Italian-style whites at Massican Winery, his own label, Napa Valley winemaker
Dan Petroski
had his hands full. Still, in 2018, when Massican was celebrating its 10
th vintage and unveiling a rebrand, Petroski had an idea for another ambitious project: the launch of a lifestyle magazine.
“As a wine brand, I was always struggling with what kind of media presence I wanted,” says Petroski, 47. “Based on my time living in Italy, I could have put a bunch of great
Sophia Loren,
Amalfi coast, and
Fellini
movie images on Instagram, but I’m also upset when I see people just posting others’ photos. How do we create our own content?” ....

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Here Are Wells Fargo's Telecom Trends to Watch in 2021


Cogent Communications Holdings
(CCOI) should be some of the primary Covid-recovery beneficiaries in the sector. Each of their earnings declined in 2020, and all saw some multiple contraction. The result was stocks that badly lagged the market.
AT&T likely has the most cyclical profile of the telecom companies, given its large WarnerMedia entertainment subsidiary. Movie theater closures, canceled or delayed sports events, and cost-conscious advertisers hurt results there in 2020. Verizon has a smaller advertising-reliant segment: Verizon Media, which includes Yahoo and other brands.
“In 2021, we expect the media space to broadly recover, although it could be somewhat choppy and back-half weighted in 2021 (particularly with a still uncertain economic outlook and many movie theaters closed to the public),” wrote Luebchow. “We broadly believe that we will reach (or even eclipse) 2019 media revenues at [AT&T and Verizon] by FY2022, which should be boosted in AT ....

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CyberArk and Fortinet Stocks Rally as Analysts See Growth in Security Spending


Analysts say cyber-security stocks’ gains can continue.
Dreamstime
Security stocks had a huge run in 2020, with an extra boost from the end-of-the-year revelation of the “Sunburst” hack attack on software company SolarWinds that left almost 18,000 of their customers vulnerable.
Analysts see further gains ahead in 2021, as the attack drives some companies to prioritize spending on detection, preventing and addressing cyber-security issues. Wall Street has been ratcheting up its estimates, stock ratings and price targets in response. On Tuesday, two more analysts joined the bullish chorus.
D.A. Davidson analyst Andrew Nowinski on Tuesday upgraded both
Fortinet
(FTNT) to Buy from Neutral. He raised his share-price targets to $180 from $100 on CyberArk, and to $170 from $130 on Fortinet. ....

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