Netflix Has Strong Showing ( NFLX, DTV, AMCX, SIRI )

Netflix Is Stable Above $100 (NFLX, DTV, AMCX, SIRI)

Netflix, Inc.(NASDAQ:NFLX) shares continued to trade above $100 mark, extending its recent gains and now up 3.23% to $108.58. The stock had been in investors’ focus recently on news that the company deepening its ties with Apple Inc.(NASDAQ:AAPL) by allowing users of Apple TV set-top boxes to sign up for the video-streaming service directly and pay through their iTunes accounts. Furthermore, there was another report that the company has been in negotiations with various senior cable executives to offer their video service to cable users by the end of the year.
The past year was not good for the company’s investors as the stock had slumped about 80% from its highs after the company reported a sharp in its subscribers, which was largely due to increase in price by the company, which was later on taken back. Now, if we look the recent performance, the stock has already recovered about 70% from its 52-week low of $62.37, made in late November 2007.

DIRECTV(NASDAQ:DTV) is trading lower by 0.12% at $47.76. This morning Cisco Systems announced to acquire NDS Group, a leading provider of video and content security software, for about $5 billion. DIRECTV uses service of NDS Group to deliver their content securely to their subscribers on any device. So far this year, the stock gained over 12% with 52-week range of $39.82-$53.40.

AMC Networks Inc(NASDAQ:AMCX) shares are under selling pressure as the company reported lower than estimated fourth quarter profit due to increase in interest expense. The company said that it earned $29.48 million or 41 cents during the latest quarter, compared to a year ago profit of $19.31 million or 28 cents a share. O net income from continuing operations came at $29.27 million or $0.40 a share. Revenue during the quarter climbed 13.60% year over year to $ $338.96 million. Analysts were estimating the company to report profit of 59 cents a share on revenue of $327.99 million.

Sirius XM Radio Inc(NASDAQ:SIRI) shares are trading marginally  higher after showing smooth run up over the past months, ever since it crossed its 200-Day moving average and 50-day average. The stock has gained over 255 so far this year and over 30% over the past year. The stock has recovered over 80% from its 52-week low of $1.27 in October.