Covers streaming and consumer internet equities; holds a buy rating on Netflix and emphasizes engagement trends over near-term guidance.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Fundamentals remain healthy with strong membership trends, pricing power, and advertising on track to double revenue; market overreacts to modest Q3 guidance deceleration and a weaker content slate versus last year's hits, but engagement is still improving year-over-year, making the pullback an entry point.
Helena Wang argues Disney's ability to monetize IP across cinema, streaming, parks and merchandise is unique, and the TikTok collaboration acknowledges changed customer behavior to drive traffic to Disney+ and reduce churn.