With consumer-technology icon Apple (NASDAQ:AAPL) likely announcing its content-streaming service on March 25, most industry-watchers have the same question: How will this news affect streaming leader Netflix (NASDAQ:NFLX)? It’s not an inconsequential inquiry. As NFLX stock has gained more than 37% so far in 2019, a corrective pullback is more than possible. As is often the case, a technically overheated company is now facing a fundamental challenge. As I wrote earlier this week, Apple isn’t streaming as a side-hustle. Add that to Apple’s signing of Hollywood A-listers like Jennifer Aniston and Reese Witherspoon to headline its original programming. If that wasn’t enough, Tim Cook and his team have also secured the services of renowned directors Steven Spielberg and J.J. Abrams. So, at first glance, this spells trouble for NFLX stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. However, I wouldn’t panic if you’re a NFLX stock holder. While Netflix stock has acted pensive in recent weeks, it’s more likely a reaction to broader market weaknesses.
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Mar 26, 2019