THE BUM AND THE BEAUTY: APPLE AND NETFLIX SWITCH ROLES $AAPL $NFLX $GOOG
It is a sign of the times. Call it a tale of two stocks after earnings. Both Apple (AAPL) and Netflix (NFLX) reported earnings after the close. It is said that a picture is worth 1,000 words. The chart tells the story better than any words can describe. There is a mind boggling 43% differential in the performance of the two stocks after hours. Just imagine if you were short Apple and long Netflix going into earnings, you would have realized a 43% gain in 90 minutes. Of course I was not clairvoyant enough to capture the trade. I came into the earnings