Netflix Surges $60 After Hours; PSXP Increases Quarterly Dividend; For Investors Only

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or anything you think you may have read here. 

Remember my "next big thing" post? Almost a 20% surge.

Bloomberg is reporting:

The video-subscription service added 2.3 million subscribers in the fourth quarter, including free trial subscriptions, giving the company a total of 33.4 million in the U.S. That was enough to top the 33.1 million average of 10 estimates compiled by Bloomberg.

Netflix said Wednesday that it expects to sign up another 2.25 million subscribers in the first quarter, with “years of member growth ahead of us,” the company told investors in a letter to shareholders. Netflix shares soared nearly 18 percent in trading after the market’s close, following a 1.5 percent gain to $333.73 in the regular session.

That growth could come alongside higher costs if Verizon Communications and other high-speed Internet companies decide to charge video streamers like Netflix, Amazon, and Hulu more because of their higher usage of the digital infrastructure. At peak times, Netflix viewers represent about a third of U.S. broadband Internet capacity, according to some estimates. In a case decided last week, Verizon successfully blocked federal rules on net neutrality that could allow the Internet providers to block streaming services or to charge higher fees for their heavy data loads.

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Phillips 66 Partners increases quarterly distribution by 5.8% to $0.2248 per limited partnership unit from minimum quarterly distribution of $0.2125 per unit. Note: this is not PSX; this is PSXP.

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This is why I cannot time the market. XLNX was down 4% yesterday after earnings announced. I actually thought the earnings report was pretty good and thought the pullback would be temporary. Who would have guessed it would have been that "temporary." Today XLNX traded at a new 52-week high. 

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SRE also traded at a new 52-week high. So did Amazon, ISIS, DAL.

The pundits continue to talk about a "bad" market.

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A Note to the Granddaughters

A reader sent this to me at my literature blog:

Have you ever run across the story of Robert Strassler, the editor of the Landmark series (Thucydides, Herodotus-etc)? Fascinating story of an ex-oilman who took the classics back from the professionals. http://www.forbes.com/forbes/2007/0129/111.html

I placed it here because comments are not google searchable. This is an incredible link if interested in this sort of stuff.