Netflix Earnings Are Next

January 21, 2025
/ By Scott Redler

Brought to You By Scott Redler's Power Plays – Get My #1 Idea Week.

We have mixed markets around the world post-inauguration day.

SPX futures were up 18 as I trimmed some longs around 7:00 as it feels like things can be erratic and change.

So far we did get a flood of executive orders, the market is most focused on tariffs. As of now Trump warned of 25% tariffs on Mexico and Canada as of 2/1. Markets have to distinguish between what's real and what's the Art Of The Deal.

Now let's dig into some names.

NFLX reports today after the close. It was a very strong name in 2024 that did correct from $941 down to $823ish. I'm not playing prior with options but will see after. How it responds could be important for risk, the $915 area is some resistance as well.

TSLA gets the benefit of the doubt as Elon is high up the Trump ladder. It's also above the 8/21-day. I did trim some up $9 this morning and I'll try and hold some to see how the week plays out. $439.74 is Friday's high to see how it reacts there.

AAPL so far is the worst Mag7 name in 2025 but also ramped up into year-end 2024. First sell signal was $257 then $253 when it broke the 8 day. Last week it held the 100 day near $229 and then got rejected at the 8 day. Friday's bounce was sold, there was no reason to be in this actively. It was downgraded and had poor China sales. See if it stays below $228ish. If so it can be worth a look at the 200 day near $222.

AMZN looks better than most Mag7 names as it's above the 8/21day. I'm long and did trim some. I'll see how much of today's gap holds, or not. $226ish is one key, then $229 the ATH area. We have this name in Power Plays.

ONON continues to show leadership and is a current Power Plays name. I have stock and options from the base near the $55 area. It hit $59+ Friday to manage. I'd think new all time highs are possible in the sessions ahead.