Why Ari Wald Prefers Netflix Over Disney Ahead Of Quarterly Earnings
On CNBC’s "Trading Nation," Ari Wald of Oppenheimer said Netflix, Inc's (NASDAQ: NFLX) chart is “much more convincing” than that of Walt Disney Co (NYSE: DIS). It's also showing better relative strength than its peer.
Wald said Netflix’s stock surge in September came at a time when the rest of the market was pulling back from record highs. He added, however, that there could be some pullback over the coming months.
See Also: Netflix's 'Squid Game' Will Generate About 0 Million: Bloomberg
Netflix is scheduled to release quarterly earnings after Tuesday's closing bell. Its recent hit "Squid Game," released on Sept. 17, took the streaming world by storm, reportedly generating $900 million in value for the company.
Price Action: Netflix shares gained 1.5% to close at $637.97 on Monday, while Disney shares fell 3% to settle at $171.14.
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