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Analysts weighing in on the report were upbeat, and many think the stock should be even higher.

Netflix [stckqut]NFLX[/stckqut] reported second-quarter per-share earnings of 6 cents, topping Wall Street estimates of 4 cents. Revenue of $1.64 billion was pretty much in line with the FactSet consensus of $1.65 billion. But the real linchpin for analysts was the strong growth in international subscribers.

Netflix said it added 3.3 million new subscribers in the quarter—0.9 million domestically and 2.4 million internationally. The new members helped Netflix eclipse 65 million members worldwide—42 million in the U.S. and 23 million internationally.

Source: Even Netflix CEO is baffled by high stock price – MarketWatch

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A sudden deterioration in Greece’s debt crisis shook global markets Monday.

Stocks around the world tumbled after a weekend breakdown in negotiations between the Greek government and its creditors left the country teetering on the brink of default and pushed it closer than ever to an exit from the eurozone.

Still, there was little sign of outright panic in the market. European stocks recovered slightly from early losses. Bonds in Italy, Spain and Portugal—highly indebted countries seen as vulnerable to the Greek crisis—also pared losses after initial sharp falls.

Greece has shut down its banking system for six days and imposed capital controls after the European Central Bank opted not to expand a lifeline of emergency funds. Charles Forelle assesses whether a bailout deal is still possible.

The Stoxx Europe 600 was down 2.4% midway through the session, wiping out most of the previous week’s gains on optimism that a deal would be done. Greece’s stock market will remain closed this week along with the country’s banks.

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After a flirtation with thrift after the recession, young Americans have stopped saving.

Adults under age 35—the so-called millennial generation—currently have a savings rate of negative 2%, meaning they are burning through their assets or going into debt, according to Moody’s Analytics. That compares with a positive savings rate of about 3% for those age 35 to 44, 6% for those 45 to 54, and 13% for those 55 and older.

The turnabout in savings tendencies shows how the personal finances of millennials have become increasingly precarious despite five years of economic growth and sustained job creation. A lack of savings increases the vulnerability of young workers in the postrecession economy, leaving many without a financial cushion for unexpected expenses, raising the difficulty of job transitions and leaving them further away from goals like eventual homeownership—let alone retirement.

“In the very near term it’s a plus for spending and economic growth, but in the long run these households are not saving, and that will impair their ability to spend in the future,” said Mark Zandi, the chief economist of Moody’s Analytics who calculated the numbers with Moody’s economist Mustafa Akcay.

To be sure, Americans’ savings is still growing in the aggregate. The Commerce Department’s main figures on savings show a nationwide increase in saving since the recession as baby boomers and other older Americans have maintained the cautious savings habits developed during the recession.

You can read the complete article by going to the source: Younger Generation Faces a Savings Deficit – WSJ

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In general, I like it when companies that I track do stock splits. I completely understand that there should be no difference in the market capitalization of a company after the split.

However, the trading methodology that I describe in my book, The Confident Investor, performs better over the long term if the stock is under $100. This may be counter-intuitive, but since my method has the investor keeping the short-term gains of the trade in the successful stock, a lower priced stock makes it easier to accumulate stock.

Netflix Inc. [stckqut]NFLX[/stckqut] plans to split its high-flying stock 7-for-1, a move intended to make the shares more attractive to retail investors as the video streaming company presses on with an ambitious international expansion.

A dividend of six additional shares for each outstanding share would be paid out on July 14. Shares would begin trading at the new price the following day.

Source: Netflix Plans 7-for-1 Stock Split – WSJ

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Apple Inc. [stckqut]AAPL[/stckqut] has fallen victim to the “Curse of the Dow.”

Friday marks the three-month anniversary of Apple’s inclusion in the Dow Jones Industrial Average. It hasn’t exactly been a stellar three months for Apple’s stock.

The old Wall Street adage about the supposed “curse” goes as follows: Companies typically rally in the months leading up to their addition to the Dow 30, but underperform in the months that follow.

Since 1999, the 16 firms joining the Dow (Apple excluded) have seen their stocks increase an average 1% in the six months after their induction, according to data gathered by Birinyi Associates. That’s compared to gains of 11%, on average, for the companies in the six months preceding their inclusion.

Apple hasn’t reached the six-month mark yet. But three months later, its shares are down 0.5% after rising 13% in the three months leading up to their addition. The stock’s sideways action the past three months isn’t that different than the performance of the broader market. The Dow has risen 0.2% since mid-March, only slightly outperforming Apple.

“The ‘Curse of the Dow’ is alive and well,” said Nick Colas, chief market strategist at Convergex, referring to Apple’s performance.

You can read the rest of the article at the original source: Apple Plagued by the Curse of the Dow – MoneyBeat – WSJ