Netflix Streams Higher -- April 10, 2015

One of my "next big things."

Netflix streams higher.

Shares of the Internet media titan gained a little over two percent at the open with the stock up 9% this week.

The latest advance was likely triggered by analysts at Citi, who upgraded Netflix to "buy" from "neutral," saying it doesn't share competition concerns that are currently reflected in the stock's price. Also, they noted Netflix has become disruptive in the industry – altering viewing habits. Citi’s price target for Netflix is now $525 -- about 16.5% above current levels.

I don't update "next big things" very often. But it's one of my favorite topics. It started with Netflix, so it's always fun to see Netflix in the news.

I first posted the Netflix as the next big thing on March 21, 2013. Shares were selling for $181. Today, shares are selling for $475, and Citi has raised its target to $525.

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

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Apple Watch

By the way, all models of the Apple Watch sold out the first day. The earliest any of the models are shipping now is four weeks; some models won't ship for two months.

My only complaint about the Apple Watch: they are too luxurious for the Apple Store.

By the way, it was interesting to see 20-somethings in blue jeans showcasing $17,000 watches. In the old days, showcasing $17,000 watches only occurred in high-end jewelry stores on Rodeo Drive or Rue de Richelieu or Fifth Avenue or Newbury Street. And the sales people were middle-aged men and women (mostly men, it seemed) in very, very expensive bespoke suits.

At previous new product launches, Apple might have had uniformed security. I didn't always see it. Yesterday at the Southlake, TX, store there were two uniformed city policemen. I didn't think about it at the time, but now, twelve hours later, thinking about 20-somethings showing $17,000 watches in a packed store, yes, two uniformed policemen might have been a smart idea.

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White Ear Buds

Is it just me or are others also seeing more white ear buds. It appears there is another "wave" of new white ear buds making its way through society.