We’re only three weeks into the new year, but we’re already seeing some stocks start on the right foot. This week it’s Netflix (NASDAQ: NFLX), which opened higher on Wednesday after the quarterly results of the eruption were posted.
The leading premium streaming service is not alone. Earlier this month we saw Tanger Factory Outlet Centers (NYSE: SKT) and fuboTV (NYSE: FUBO) also breaks out of slumps by painting a brighter portrait of how 2021 will play out. Let’s take a look at these three stocks starting the new year with welcome news.
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Netflix
We spend time at home. Video streaming was a clear beneficiary, and Netflix is the best dog in this thriving niche. Netflix boosted its popularity in the first half of 2020, contributing $ 25.9 million to its growing audience of paid subscribers worldwide. In six months, it had almost as many net additions as the 28 million it tackled for the whole of 2019.
Subscriber growth slowed in the second half of the year, but Netflix was widely expected to pull so many of its full-time members into the initial ‘shelter-in-place’ phase of the pandemic. It ultimately still exceeded its forecast of 6 million net additions in the fourth quarter. The growth of the net addition by 8.5 million in the last three months of the year pushes the global audience more than 200 million.
The news is getting even better. After five quarters of a slowdown in year-on-year revenue growth, it sees the top line accelerate. The profit target is also much better than the analysts. As Netflix is now confident that it can continue its day-to-day operations without the need for external funding, for the first time in a decade, the market leader will continue to create more content than anyone else on the planet with money to buy. .
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Tanger Factory Outlet Centers
The operator of 38 factory shopping malls experienced a challenging 2020 with its temporarily closed shopping windows and some of its tenants. It also suspended its payouts in the spring of last year. As a real estate trust (REIT), Tangier must distribute at least 90% of its taxable income to investors. It promises to return to benefits in 2021 if it’s on the road to profitability – and it’s not long.
Tanger Factory Outlet Centers last week announced a resumption of quarterly payouts. The new payout from discount store REIT returns 5.3% since closing on Tuesday, but is also half of what it was before it interrupted its distributions last year. Copper traffic is already 90% from the year ago, and its occupancy rate should be almost 92%. As it refreshes its portfolio with better brands than tenants, Tanger Factory Outlet Centers may be even better than before the pandemic.
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FuboTV
Streaming services, including Netflix, help people entertain, but where do the cutters go for live sports, news, and major networks? Live TV streaming services fill the gap as expensive but flexible platforms, and fuboTV has tried to differentiate itself from YouTube TV and Sling TV by emphasizing live sports. It offers about 40 sports channels among its more than 100 live networks.
FuboTV has pulled a few nayers, and one of them – Kerrisdale Capital, which shorted the stock with a price target of $ 10 – points to third-party data showing that the reporting momentum has slowed in the last two months of 2020. FuboTV increased its subscriber lead twice as the quarter unfolded; was it dropping investors?
Kerrisdale Capital may want to recover its money from the third-party database it did not attribute. FuboTV recently announced that it would close by 545,000 subscribers by 2020, well ahead of the 500,000 to 510,000 he expected in November and which was as low as a 410,000-year target when the fourth quarter began. Revenue increased between 77% and 84% for the last quarter of 2020, due to the still impressive 71% increase it achieved in the third quarter.
Of course, there is still a long way to go before this new year comes to an end. Netflix, Tanger Factory Outlet Centers and fuboTV are doing a great job of starting 2021 on a winning note.