These Top 6 Utility Stocks Have Been Rising in Popularity

The top utility stocks share certain characteristics that give them the power to outperform and provide steady stock returns for investors. Today we look at the markets top 6 utility companies rising in popularity. Each company on this list has the potential to provide above-average returns!

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

Netflix's Remarkable Recovery Journey To Nearly $500 Per Share After Navigating A Steep 28% Drop In The Market

Zaheer Anwari
November 27, 2023
  • Netflix's stock has demonstrated resilience, recovering from a 28% decline between July and October 2023.
  • Currently experiencing a bullish trend, Netflix's stock has gained 61% this year, with a notable 16% increase this month.

Netflix Inc's (NASDAQ:NFLX) stock performance has attracted significant attention, mainly due to its recent price fluctuations.

The stock experienced a considerable downturn between July and October 2023, but has shown resilience by bouncing back.

During this period, the stock experienced a decline of 28%, causing concern among investors and market analysts.

However, the stock found support at the weekly 50 simple moving average, specifically around $360.

This support level played a crucial role in preventing further declines and acted as a catalyst for the stock's subsequent upward trend.

Netflix has recovered well, as it is currently up 38%, but has also significantly rebounded from a deep slump experienced between November 2021 and May 2022, where it saw a 76% decline.

From its lowest point during that time, there has been an impressive 191% surge to the upside.

The stock has experienced a 61% gain this year, including a notable 16% increase for November.

This strong upward trend indicates a bullish momentum. Yet, there are challenges on the horizon.

A crucial resistance level lies at $478, which holds significance as it was the lowest point in May 2021 and served as a turning point for the stock in July

The upcoming days and weeks will be pivotal in determining whether the stock can surpass this resistance level.

2023-11-27_18-31-20_0.jpg

The stock faces a tough hurdle if it surpasses $478. Further ahead, it will confront psychological resistance at the significant milestone of $500.

This milestone is highly valued by investors and can greatly impact the current momentum. However, if Netflix manages to overcome this hurdle, it could lead to a significant surge. The next important resistance level to watch is the 2022 high of $609.

After the closing bell on Friday, November 24, the stock closed at $479.56, trading up by 0.30%.

Continue Reading...

Popular

Colombia pauses buying Israeli weapons and president calls war in Gaza 'genocide'

BOGOTA, Colombia (AP) — Colombia’s President Gustavo Petro announced Thursday his government is suspending purchases of weapons from Israel after Palestinians say Israeli troops in Gaza, marking an escalation of tensions between both countries over the .

Why Bitcoin Cash And Ethereum Classic Are Falling

Bitcoin Cash (CRYPTO: BCH) and Ethereum Classic (CRYPTO: ETC) are trading lower by 3.5% to $308.14 and 4.7% to $29.72 Thursday afternoon.

Act by April 14 - Ad

The last of three historically bullish crypto events is expected to happen around April 14. It's only the fourth time in crypto history. The last time, in 2020, certain altcoins exploded. Some as high as 531,735% or even a 953,018% gain. A tiny $100 investment would have returned just short of a million dollars.

A Brazilian state in the Amazon has been hit with more than 2,000 fires in February

RIO DE JANEIRO (AP) — The Brazilian state of Roraima in the Amazon rainforest has been hit with more than 2,000 fires in February, according to data released Thursday by the state space agency.

Gold Explodes Past $2,000, Here's What's Next - Ad

After what feels like nearly a decade of disappointing returns, gold is entering a new bull market. You can get started today for just $5.

Climate change cost U.S. ski industry billions, study says, and future depends on emissions

DENVER (AP) — U.S. ski areas lost $5 billion from 2000 to 2019 as a result of human-caused climate change and could lose around $1 billion annually in the 2050s depending on how much emissions are reduced, a new found.

These 3 Energy Stocks With Over 5% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

New Trump Bombshell - Ad

The Freeport Society and Louis Navellier have just issued a shocking election prediction for 2024. I believe Donald J. Trump will go down as America's last Republican president. But NOT for the reasons you may think...

A large US health care tech company was hacked. It's leading to billing delays and security concerns

Health care providers across the country are reeling from a cyberattack on a massive U.S. health care technology company that has threatened the security of patients’ information and is delaying some prescriptions and paychecks for medical workers.

The jobs market is hot, but layoffs keep coming in a shifting economic environment

The U.S. economy is humming and there are hundreds of thousands of jobs being added every month. In a stunning burst of hiring to start the year, the nation added 353,000 jobs in January....

URGENT: Don't Risk Your Retirement - Ad

A looming recession, inflation, unpayable debt, a failing dollar, and a crumbling housing market all put your savings in extreme risk. Protect your retirement with this free guide that shows you how to guard your money against economic downturns with gold.

Stericycle Analysts Increase Their Forecasts After Q4 Results

Stericycle, Inc. (NASDAQ: SRCL) reported mixed fourth-quarter financial results on Wednesday.

Gold: Now Legal Tender - Ad

Most Americans missed this big story, but 1 in 5 states have now made gold and silver coins legal tender. It's just one reason why so many predict gold will soon hit $5,000. And why you need to check out this $5 strategy for gold immediately.

Musk's X asks judge to penalize nonprofit researchers tracking rise of hate speech on platform

Attorneys for X Corp. and a research organization that studies online hate speech traded arguments in court Thursday after the social media platform sued the non-profit Center for Countering Digital Hate for documenting the on the site since it was purchased by Elon Musk.

This Trader Turned $2,708 Into $3.25 Million With Trump-Related MAGA Memecoin

Pseudonymous Erik Stevens, a self-proclaimed "eccentric multi-millionaire," updated his followers on achieving a "1,024X" on MAGA Memecoin (CRYPTO: TRUMP), the

Don't Buy NVDA Without Seeing This - Ad

Are you holding America's 2nd most popular stock? It could hurt your portfolio.

Will the Reddit IPO Turn Into the Next Meme Stock?

Reddit IPO is around the corner. Here are a few reasons why we think this could turn into the biggest meme stock around.

Could A Second Trump Presidency Disrupt The Stock Market? Capital Economics Analyst Weighs In

Investors are weighing the potential implications of a second term for former President Donald Trump on the stock market. Analysts predict that a Trump 2.0 presidency could significantly impact key macro factors.

Digital Dollar: Freedom or Financial Slavery? - Ad

Is a digital dollar really America's way to financial freedom? Or is it the start of a wave of financial servitude? Get the details on the potential risks of a digital dollar and what you can do to protect yourself. From privacy concerns to economic control, protect yourself with this free guide.

The Power of Investing in Real Estate: The Oprah Winfrey Way

Oprah Winfrey is one of the most successful women in the world. She is a media mogul, television personality, actress, author, and philanthropist. Her net worth is estimated to be over $2.6 billion, and she has made her fortune through various business ventures, including television, film, and publishing.

Multimillionaire Investor: "Hands Down the Most Lucrative Discovery of My Entire Career" - Ad

Peabody Award-winning journalist Bill Tucker sat down with a reclusive multimillionaire trader... 858 miles OUTSIDE of Wall Street... to discuss a revolutionary new trading strategy that involves... One ticker... one trade... every week. The fast-hitting profit potential is extraordinary.

"Bitcoin Is Dead" (Buy This Instead) - Ad

There's one investment hiding in the shadows of the crypto market positioned to grow 20 times bigger than bitcoin. Very soon this "Next Generation Coin" will be a cornerstone of the $100 trillion financial industry. The best part -- you can get started with as little as $20.

Top 4 Financial Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Putin Rival Alexei Navalny Had This Message Ready For The Russian Public In The Event Of His Untimely Death

On Friday, Alexei Navalny, a staunch critic of the Kremlin and President Vladimir Putin, died while incarcerated in Russia, as confirmed by Russian authorities.

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Michigan Staff Stunned By $10,000 Tip, Learns Of Solemn Reason Behind Generosity: 'The Waitress Was Absolutely Shocked'

Earlier this month, at the Mason Jar Cafe in Benton Harbor, Michigan, staff members were taken aback when a customer, known only as Mark, left a $10,000 tip on a $32.43 bill.

Buffett-Endorsed Ferrari Stock Breaks Speed Limits, Sets New Annual Record

Ferrari stock hits new high, outperforming S&P 500 by 2X. Positive market sentiment, strong financial performance, and raised forecast are key catalysts. UBS rates it a Buy with 9.8% upside.

Why James Altucher SOLD All His Bitcoin - Ad

Crypto genius James Altucher has been praising Bitcoin since it was trading for $61. But now he's buying another coin like crazy... and it's not Bitcoin!

A collection of the insights Warren Buffett offered in his annual letter Saturday

Billionaire Warren Buffett is known as one of the world's greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing.

Cathie Wood's Ark Invest Offloads $6.9M Worth of Coinbase, Robinhood Shares Each Amid Searing Bitcoin Rally — Nvidia Stock Also Shed

On Monday, Cathie Wood-led Ark Invest adjusted its portfolio, notably selling shares of cryptocurrency-related companies such as Robinhood Markets Inc (NASDAQ:HOOD) and Coinbase Global Inc (NASDAQ:

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

Kim Kardashian Flaunts New Tesla Cybertruck On Instagram, Adding To Her Fleet Of Luxury Vehicles

Kim Kardashian, the reality TV star and businesswoman, has taken to social media to showcase her latest acquisition, a Tesla Cybertruck.

Bill Ackman Spills The Beans On How He Identifies Companies That Are Going To Make A Lot Of Money: 'Close Your Eyes...'

Bill Ackman shared his investment strategy during an interview with Lex Fridman, focusing on identifying long-term, non-disruptive businesses, using examples like Universal Music and McDonald's, and detailing his research process involving SEC filings, conference call transcripts, and industry analysis.

Did This Crypto Millionaire Humiliate Himself? - Ad

On September 2022, crypto millionaire James Altucher published a video saying he had sold all his Bitcoin... and doubled down on this crypto instead. At the time, cryptos had already dropped 70%. But James still said this crypto was a good investment. Was he right? Or did he embarrass himself?

Intuitive Machines, Palo Alto Networks, Enovix Corp, Teladoc Health, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Wall Street reopened on a weaker note following Monday's market closure, with all major U.S. stock averages in the red due to a broad decline in technology stocks.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service