The Gilmo Report

January 20, 2021

January 20, 2021 7:06 pm ET

I have always considered that the official start to earnings season begins with Netflix (NFLX), which reported yesterday after the close. As we move into the thick of earnings season, my focus shifts toward potential high-velocity/high time-value set-ups in leading stocks after earnings are reported. As NFLX demonstrated today, earnings reports certainly have the ability to generate some substantial and very playable price action of this nature once they are out.

The company cleared the 200 million subscriber milestone in the last quarter of 2021, and investors signaled their approval by sending NFLX shares gapping higher this morning to an opening print of 565.42. Within the first three minutes of trade, it swooped down to a low 556.86, looking like it might be headed for a shortable gap-up type of day.

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