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Netflix is less than a week away from issuing its third-quarter results, and some analysts think the stock is poised for more upside ahead. The streaming giant's quarterly report is due next Thursday after the market close. The stock is having a strong 2024, surging nearly 50%. "We believe Netflix is the main beneficiary of industry rationalization and expect strong 3Q results," UBS analyst John Hodulik wrote in a Wednesday note to clients, adding that subscriber growth is anticipated to ease year over year but "remain solid." With a buy rating on the stock, Hodulik's target of $750 implies more than 2% upside from Thursday's close. "We expect 4Q commentary to suggest strong sub performance (last qtr net adds will be disclosed), helped by Squid Game 2 and two NFL games (UBSe 7.1M adds vs. ...

Horst Jicha discussing cryptocurrency.Source: Team Business Global | YouTubeA German national who was under home detention in New York City on a $5 million bond guaranteed by his domestic partner and children in a case in which he was charged with overseeing a $150 million cryptocurrency fraud is now a fugitive."There's a very active investigation underway to capture him," said John Marzulli, a spokesman for the Brooklyn U.S. attorney's office, on Friday, a day after the defendant, Horst Jicha, failed to appear in Brooklyn federal court as scheduled."We are going to forfeit the bond," Marzulli added, meaning that prosecutors will seek to obtain the $4 million portion of the bond that was personally guaranteed by Jicha's partner, children and three other people, all of whom live in Germany....

Napheesa Collier, #24 of the Minnesota Lynx, scores the game-winning basket during the game against the New York Liberty in Game 1 of the 2024 WNBA Finals at Barclays Center in Brooklyn, New York, on Oct. 10, 2024.Nathaniel S. Butler | National Basketball Association | Getty ImagesBasketball fans will have even more chances to see their favorite stars play in the Women's National Basketball Association in the 2025 season.WNBA Commissioner Cathy Engelbert announced that the league will expand its regular season from 40 games to 44 games, and its Finals series from five games to seven games, both beginning next year. The Finals round will be a 2-2-1-1-1 format for home games, with the higher seed hosting first.The three-game first round of the playoffs will alternate hosts, instead of the hi...

Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled nearly 9% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event "overall disappointed expectations" due to a lack of details in several areas, including how the company is going to compete against ride-sharing companies, such as Lyft and Uber . Shares of those names jumped following the event, with Lyft surging more than 9% and Uber gaining nearly 11%. Wells Fargo — The stock gained more than 5% after the San Francisco-based lender reported better-than-expected profits . Third-quarter adjusted earnings were $1.52 per share, topping the $1.28 per share expected from analysts polled by LSEG. Revenue, however, came in at $20.37 billion, slig...

The Uber logo is seen in the rain in Krakow, Poland, on Jan. 6, 2024.Klaudia Radecka | Nurphoto | Getty ImagesTesla's hyped robotaxi unveiling posed a threat to Uber's ride-sharing aspirations, but it has turned into a boon for the stock instead.Uber shares had been falling on the initial investor excitement leading up to Thursday's event — particularly slumping in early August and mid-September — but surged more than 9% on Friday on renewed enthusiasm that the company is well positioned to advance its autonomous vehicle offerings. The move pushed the stock to a 52-week high and it was leading the S&P 500 higher during the session.That is a massive turnaround for Uber's stock, which is now up nearly 22% over the past month and about 38% for the year. Lyft, another major player, is also...