Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 275 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Netflix is a video-on-demand distributor of movies and television shows over the internet worldwide (except China and a few other countries). Subscribers have access to the Netflix content library for a fixed monthly subscription fee. The company offers several service tiers, including a discount advertising-supported service. Netflix derives 59% of its revenue from outside the U.S.

Insiders seem to be in 'maintenance mode' and are throwing off little in the way of actionable market signals. There's no broad buying and no broad selling. That reflects a stock pickers market, as investors seek out specific opportunities while being mindful of the multiple challenges making headlines these days. Seemingly supporting this view, Argus' Director of Research, Jim Kelleher, CFA, has titled his weekly economic commentary 'Uneasy Calm at Mid-Year.' In the piece, Jim noted the following. 'Both business leaders and consumers are uneasy about the months ahead, given clear signs of slowing consumer spending, still-soft purchasing managers' sentiment, and the pending elections. Technically, the stock market appears overdue for a shakeout.' Still, he added, 'It's not all doom and gloom. The upcoming earnings season is likely to be the best in at least two years. Accelerating earnings growth is preventing the market from stretching into deep overvaluation territory even as stocks repeatedly hit new highs. Although economic activity may have slowed from 2022-2023 levels, stabilization in global supply chains means the U.S. economy may be sending signals that are more accurate and operating at a more sustainable level of activity. And notably, recent inflation data (CPI and PPI) finally showed improvement from recently stalled levels.' On a sector basis, selling by insiders last week was greatest in Healthcare, with shares valued at $193 million sold, followed by Financials ($191 million sold) and Information Technology ($125 million sold). Meanwhile, in Consumer Discretionary, selling outpaced buying by a factor of just 1.85-times, with roughly $24 million of shares sold versus $13 million of shares bought. Buying outpaced selling in Energy and Communication Services. This week, analysts at Vickers highlighted insider transactions of interest at Adobe Inc. (NGS: ADBE) and CAVA Group Inc. (NYSE: CAVA).

Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.