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    GM reveals electric Chevrolet Blazer priced starting at $45,000

    The 2024 Blazer EV is expected to arrive in showrooms beginning next summer, with starting pricing between about $45,000 and $66,000.
    The new electric crossover is expected to compete against the Ford Mustang Mach-E and Tesla Model Y crossover EVs.
    The vehicle marks an important launch for the Detroit automaker in attracting attention and more mainstream consumers to EVs.

    2024 Chevrolet Blazer SS EV

    DETROIT – General Motors on Monday revealed its new electric Chevrolet Blazer that’s expected to compete against the Ford Mustang Mach-E and Tesla Model Y crossover EVs.
    The vehicle marks an important launch for the Detroit automaker in attracting attention and more mainstream consumers to EVs.

    The 2024 Blazer EV is expected to arrive in dealer showrooms beginning next summer, according to GM. Starting pricing will range from about $45,000 for an entry-level Blazer to $66,000 for a “SS” performance variant that will produce up to 557 horsepower and 648 pounds-foot of torque.
    GM estimates the crossover will be capable of 0-60 mph in less than 4 seconds, comparable to the Model Y Performance and Mach-E at about 3.5 seconds.

    2024 Chevrolet Blazer SS EV

    Features and capabilities of the Blazer EV will range based on the four vehicle models. GM expects the electric range of the vehicle – an important number for EV owners – to be between 247 miles and 320 miles, based on the variant. The company will also offer a variant for police use based on the SS model, officials said.
    The new Blazer EV will be produced at GM’s plant in Ramos Arizpe, Mexico, where the traditional Blazer is assembled.
    While the new EV shares the Blazer name and plant with a traditional internal combustion engine model, the vehicles are completely different in development, performance and looks. The EV is based on GM’s new Ultium platform, which is expected to underpin the automaker’s next-generation electric vehicles.

    “It is Blazer by name … and the vibe of Blazer, but there’s nothing shared from these two vehicles,” said Chevrolet Vice President Scott Bell during a media event.
    The Blazer EV will be capable of front-, rear- or all-wheel-drive, depending on the model. Like the exterior, the interior of the vehicle is different than its traditional sibling and includes a driver-focused cockpit with a 17.7-inch-diagonal center touchscreen and an 11-inch-diagonal drive information screen.

    2024 Chevrolet Blazer SS EV

    The Blazer EV is expected to be Chevy’s fourth electric model when it arrives in showrooms next year. The brand currently sells the Bolt EV and Bolt EUV with GM’s older battery technology. Limited sales of the electric Silverado are scheduled to start next spring. The automaker is also expected to unveil an electric Equinox that GM has said will start around $30,000.
    Starting pricing for the traditional 2022 Blazer with an internal combustion engine ranges from about $35,000 to $43,000.

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    Cramer's lightning round: Eversource Energy doesn't have a big enough dividend yield

    Monday – Friday, 6:00 – 7:00 PM ET

    It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.

    Eversource Energy: “It doesn’t yield enough for me. I spoke with the people of Duke [Energy] last week. I think that’s actually a better situation.”
    Beyond Air Inc.: “I think that is the ultimate speculative stock, in which you’ve got to prepare to lose $8. It’s an $8. I don’t like that.”

    Nutrien: “No. It’s not [a buy]. It’s a fertilizer stock at [roughly] 4 times earnings, and those earnings are going to collapse.”
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    Here's Jim Cramer's advice to navigate this uncertain earnings season

    Monday – Friday, 6:00 – 7:00 PM ET

    CNBC’s Jim Cramer on Monday recommended investors take a wait-and-see approach toward shares of companies that are about to report quarterly numbers.
    “If you’re thinking about buying something that’s about to report, why not wait until you hear what they have to say?” the “Mad Money” host said.

    Earnings season is entering full swing on Wall Street, and CNBC’s Jim Cramer said Monday that investors would be wise to take a wait-and-see approach toward shares of companies that are about to report quarterly numbers.
    “In this environment, it’s always going to be fragile on the upside and easy on the downside, because the bears … have the upper hand. Just keep in mind you should never buy this market when it’s up. That’s a fool’s game. I want you to wait for weakness like we had [Monday] before you ever pull the trigger,” the “Mad Money” host said from the floor of the New York Stock Exchange, the show’s new broadcast home.

    “If you’re thinking about buying something that’s about to report, why not wait until you hear what they have to say?” Cramer continued. He pointed to IBM as a prime example.
    As of Monday’s close, IBM was one of only seven stocks in the 30-stock Dow Jones Industrial Average to be higher year to date. However, shares were down nearly 4% in extended trading Monday after the company reduced its 2022 cash forecast, even though its second-quarter results beat on the top and bottom lines.
    “If you bought it ahead of the quarter, you rolled the dice in a casino that’s not friendly to blind dice-rolling,” Cramer said.
    With that in mind, Cramer previewed a number of other major earnings reports that are scheduled for the rest of this week. All earnings and revenue estimates are provided by FactSet.

    Tuesday: J&J, Halliburton, Lockheed Martin and Netflix

    Johnson & Johnson

    Q2 earnings release 6:45 a.m. ET; conference call at 8:30 a.m. ET
    Projected EPS: $2.54
    Projected sales: $23.77 billion

    Cramer, whose Charitable Trust owns shares of J&J, said he’s expecting to see good numbers from the pharmaceutical giant even as the company works to separate into two distinct entities. He noted J&J’s shares have lagged behind peers this year, including Bristol-Myers Squibb and Merck.
    Halliburton

    Q2 earnings release before the bell; conference call at 9 a.m. ET
    Projected EPS: 45 cents
    Projected revenue: $4.7 billion

    “Halliburton’s earnings are soaring, yet its stock has been crushed. … I think it’s time to reassess this one, and recognize that the earnings could be huge for Halliburton not tomorrow, but for years to come,” Cramer said.
    Lockheed Martin

    Q2 earnings release before the open; conference call at 11 a.m. ET
    Projected EPS: $1.88
    Projected sales: $15.98 billion

    Netflix

    Q2 earnings release after the close; conference call at 6 p.m. ET
    Projected EPS: $2.95
    Projected revenue: $8.03 billion

    Cramer said he’s hoping to hear a more “thoughtful” earnings call from management after this quarterly print compared with the streaming giant’s poor first-quarter report. In particular, Cramer said investors want more information on Netflix’s recent deal with Microsoft, which is part of Netflix’s development of an ad-supported subscription tier.

    Wednesday: Abbott Labs and Tesla

    Abbott Laboratories

    Q2 earnings release before the open; conference call at 9 a.m. ET
    Projected EPS: $1.12
    Projected sales: $10.29 billion

    Tesla

    Q2 earnings after the bell; conference call at 5:30 p.m. ET
    Projected EPS: $1.81
    Projected revenue: $16.52 billion

    Cramer said he believes Tesla’s earnings report is the most important this week. “The estimates are all over the place. There are a huge number of sell ratings and as many buys. [CEO Elon] Musk is still expanding like mad. … Still, if Tesla can exceed even the lowest estimates, the stock goes much higher.”

    Thursday: AT&T, Freeport-McMoRan, Dow Inc., Union Pacific, D.R. Horton, Snap, Mattel and Boston Beer

    AT&T

    Q2 earnings release before the bell; conference call at 8:30 a.m. ET
    Projected EPS: 61 cents
    Projected revenue: $29.53 billion

    Freeport-McMoRan

    Q2 earnings release before the open; conference call at 10 a.m. ET
    Projected EPS: 64 cents
    Projected sales: $6.14 billion

    Dow Inc.

    Q2 earnings release at 6 a.m. ET; conference call at 8 a.m. ET
    Projected EPS: $2.14
    Projected sales: $15.55 billion

    Cramer said chemical firm Dow Inc., along with copper miner Freeport-McMoRan, should offer insights into the trajectory of economic growth.
    Union Pacific

    Q2 earnings release at 7:45 a.m. ET; conference call at 8:45 a.m. ET
    Projected EPS: $2.85
    Projected revenue: $6.13 billion

    Cramer said he’s worried railroad operator Union Pacific could warn of a deceleration in its business.
    D.R. Horton

    Q3 earnings release at 6:30 a.m. ET; conference call at 8:30 a.m. ET
    Projected EPS: $4.49
    Projected sales: $8.81 billion

    Just like with Union Pacific, Cramer said he’s worried the homebuilder D.R. Horton may warn of a slowdown in cancellations. “Home deals aren’t closing; home confidence [is] down huge. Soaring mortgage rates tend to do that,” he said.
    Snap

    Q2 earnings after the bell; conference call at 5 p.m. ET
    Projected EPS: loss of 20 cents
    Projected revenue: $1.14 billion

    Mattel

    Q2 earnings release after the close; conference call at 5 p.m. ET
    Projected EPS: 6 cents
    Projected sales: $1.1 billion

    Boston Beer

    Q2 earnings release after the bell; conference call at 5 p.m. ET
    Projected EPS: $4.61
    Projected revenue: $612 million

    The parent of Sam Adams and Truly has struggled lately thanks to a slowdown in hard seltzer sales, and Cramer said he’s expecting more of the same with this print. He said he prefers shares of Corona parent Constellation Brands, which his Charitable Trust owns, to Boston Beer.

    Friday: American Express, Verizon, Schlumberger and Twitter

    American Express

    Q2 earnings release at 7 a.m. ET; conference call at 8:30 a.m. ET
    Projected EPS: $2.42
    Projected sales: $12.51 billion

    Cramer said he expects spending from small businesses and consumers to help American Express report solid results.
    Verizon

    Q2 earnings release 7:30 a.m. ET; conference call at 8:30 a.m. ET
    Projected EPS: $1.22
    Projected revenue: $33.73 billion

    Schlumberger

    Q2 earnings release 7 a.m. ET; conference call 9:30 a.m. ET
    Projected EPS: 40 cents
    Projected sales: $6.28 billion

    Cramer said he expects a good number from oilfield services provider Schlumberger, just as he does with Halliburton.
    Twitter

    Q2 earnings release at 8 a.m. ET; no conference call scheduled
    Projected EPS: 15 cents
    Projected revenue: $1.33 billion

    Twitter is not holding a conference call to discuss its second-quarter numbers, citing its “pending acquisition” by an entity affiliated with Elon Musk. The two parties are currently engaged in a legal back-and-forth related to the deal.
    Disclosure: Cramer’s Charitable Trust owns shares of HAL, JNJ, MSFT and STZ.
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    Billionaire investor Ken Langone says these are the '3 most powerful things in business'

    Monday – Friday, 6:00 – 7:00 PM ET

    Billionaire investor and philanthropist Ken Langone on Monday detailed three core business principles he’s believed in during his career.
    “The three most powerful things in business: a kind word, a thoughtful gesture, and passion and enthusiasm for everything you’re doing,” Langone told Jim Cramer on “Mad Money.”

    Billionaire investor and philanthropist Ken Langone on Monday detailed three core business principles he’s believed in during his career, suggesting they’ve been instrumental in building successful organizations.
    “The three most powerful things in business: a kind word, a thoughtful gesture, and passion and enthusiasm for everything you’re doing,” Langone told CNBC’s Jim Cramer in an interview that aired on “Mad Money.”

    Sitting outside with Cramer outside the New York Stock Exchange, Langone said he’s tried to institute that philosophy at both Home Depot, which he co-founded in the 1970s, and New York University’s medical center, where he’s been chairman of the board of trustees since 1999; the academic medical center was renamed after Langone in 2008.
    Langone said he believes once trustworthy managers are in place at a company or organization, the next important thing is ensuring employees at all levels recognize “they matter” and feel empowered to make a difference.
    “If you can really get everybody engaged in the mission; if you can get everybody to believe they can make a difference, not only that they can make a difference, but that they are the difference,” Langone said, recalling a story about a building services employee at NYU Langone who spent time just visiting with a heart transplant patient after in the days following the patient’s operation.
    Langone said even after the patient was moved out of the intensive care unit, the employee went out of their way to visit with the patient.
    “The man wrote me a letter, telling me that the care he got from the building service associate was as important to him as the surgeon who did the transplant,” Langone recalled.

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    Europe suffers from deadly heat wave as wildfires displace thousands of people

    A deadly heat wave in Western Europe has triggered intense wildfires, disrupted transportation and displaced thousands of people as the continent grapples with the impact of climate change.
    The heat is forecast to grow more severe this week and has prompted concerns over infrastructure problems such as melting roads, widespread power outages and warped train tracks.
    More than five countries in Europe have declared states of emergency or red warnings as wildfires, fueled by the hot conditions, burn across France, Greece, Portugal and Spain.

    A deadly heat wave in Western Europe has triggered intense wildfires, disrupted transportation and displaced thousands of people as the continent grapples with the impact of climate change.
    The record-breaking heat is forecast to grow more severe this week and has prompted concerns over infrastructure problems such as melting roads, widespread power outages and warped train tracks.

    Several areas in France have experienced record-breaking temperatures that approached or surpassed 100 degrees Fahrenheit, according to the national weather forecaster. In Britain, where few homes have air conditioning, the highest temperature has also reached nearly 100 degrees Fahrenheit, falling just below the national record.

    Firefighters operate at the site of a wildfire in Pumarejo de Tera near Zamora, northern Spain, on June 18, 2022.
    Cesar Manso | AFP | Getty Images

    At least five countries in Europe have declared states of emergency or red warnings as wildfires, fueled by the hot conditions, burn across France, Greece, Portugal and Spain. In the past week, more than 31,000 people have been displaced from their homes because of blazes in the Gironde region of Southwestern France.
    Climate change has made heat waves and droughts more common, intense and widespread. Dry and hot conditions also exacerbate wildfires, which have grown more destructive in recent years. And lower nighttime temperatures that typically provide critical relief from the hot days are disappearing as the Earth warms.
    Prime Minister Pedro Sánchez of Spain said Monday that he had visited areas impacted by wildfires in the western region of Extremadura. “Climate change kills people, our ecosystem and what is most precious to us,” Sánchez said.

    Tourists fill the Levante beach in Benidorm to quench high temperatures as a heatwave sweeps across Spain on July 16, 2022 in Benidorm, Spain. 
    Zowy Voeten | Getty Images

    At least 350 people have died in Spain from high temperatures during the past week, according to estimates by Spain’s Carlos III Health Institute. In Portugal, health officials said that nearly 240 people died in the first half of July due to the high temperatures, which reached 117 degrees Fahrenheit earlier in the month.

    In the U.K., train service was limited amid concerns that the rails would buckle in the heat. The U.K. Met Office, for the first time ever, issued a red warning for heat, its most extreme alert. And Wales recorded its highest-ever temperature of 98.8 Fahrenheit on Monday, according to Britain’s national weather service. 

    An aerial view shows boats in the dry bed of Brenets Lake (Lac des Brenets), part of the Doubs River, a natural border between eastern France and western Switzerland, in Les Brenets on July 18, 2022. 
    Fabrice Coffrini | AFP | Getty Images

    Flights were also delayed and disrupted into and out of Luton Airport in London after a defect was identified on the runway surface due to extreme temperatures, according to the airport. Temperatures had reached 94 degrees Fahrenheit on Monday in north London and were forecast to rise on Tuesday.
    As people across Europe endured the heat, United Nations Secretary-General António Guterres issued a dire warning to leaders from 40 nations gathered in Berlin to discuss climate change response measures as part of the Petersberg Climate Dialogue.
    “Half of humanity is in the danger zone from floods, droughts, extreme storms and wildfires. No nation is immune. Yet we continue to feed our fossil fuel addiction,” Guterres said in a video message to the leaders on Monday.
    —The Associated Press contributed reporting.

    Beachgoers react, as smoke produced by wildfires in La Teste-de-Buch forest billows, Arcachon, France, July 18, 2022.
    Pascal Rossignol | Reuters

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    These are 10 of the best-performing stocks since Jim Cramer's 'Mad Money' debuted on TV

    Monday – Friday, 6:00 – 7:00 PM ET

    Jim Cramer on Monday looked back at some of the best-performing stocks since “Mad Money” debuted on CNBC more than 17 years ago.
    On Monday, “Mad Money” relocated its broadcast set to the New York Stock Exchange.

    Jim Cramer
    Scott Mlyn | CNBC

    With “Mad Money” relocating to the New York Stock Exchange floor, Jim Cramer on Monday looked back at some of the best-performing stocks since his show debuted on CNBC more than 17 years ago.
    Here is a quick overview of the criteria used to compile the list:

    The stock is currently a member of the S&P 500.
    It was a publicly traded firm when “Mad Money” first aired, in March 2005.
    The list was ranked by a simple gain/loss calculation in percentage terms, not a total return (which includes dividends).
    Gains were calculated based on the stock’s closing price on March 14, 2005, to Friday’s close.

    Now, here are 10 of the best-performing stocks since “Mad Money” has been on TV:

    1. Netflix

    Netflix takes the cake, with its shares up 13,853% since “Mad Money” debuted. Cramer noted the streaming-video pioneer maintained the top spot, even with its large year-to-date declines.

    2. Apple

    Up next is Apple, which has seen its its stock advance 10,321%, as of Friday, in the time “Mad Money” has been on TV. “In 2005 I was recommending it on the strength of the iPod, but then they come up with the iPhone and the rest is history,” Cramer said.

    3. Regeneron

    Regeneron Pharmaceuticals, whose CEO, Leonard Schleifer, was one of the first guests to appear on “Mad Money,” has gained more than 10,000% since the show’s debut.

    4. Monster Beverage

    The energy drink maker is the fourth-best performer, checking in with a gain of 8,444% over the aforementioned time period.

    5. Booking Holdings

    The company formerly known as Priceline has “beaten out its competitors in the online travel space,” Cramer said. Since “Mad Money” debuted on CNBC through Friday, the stock advanced 7,599%.

    6. Nvidia

    Chip designer Nvidia gained 7,211% between the March 14, 2005, close and Friday. Similarly to Netflix, Nvidia’s giant upside move includes the stock’s struggles since its November all-time high.

    7. Amazon

    The ecommerce and cloud computing giant is the seventh-best gainer, rising 6,463% over the specified time window. Cramer noted the stock’s gains would’ve been even more impressive if not for its roughly 32% year-to-date decline.

    8. Illumina

    Shares of biotech firm Illumina advanced 4,918% between the close of March 14, 2005, and Friday.

    9. Monolithic Power Systems

    Monolithic Power Systems designs integrated circuits that are used for power management, and some of the semiconductor firm’s biggest end markets include the automotive and computing and storage sectors. The stock is up 4,784%, as of Friday, since “Mad Money” debuted on CNBC.

    10. Tyler Technologies

    Tyler Technologies is a software maker that, essentially, enables cities and towns to go digital. The company’s shares have gained 4,642% over the aforementioned window.

    Cramer’s bottom line

    Cramer said some of the best-performing stocks may seem obvious with the benefit of hindsight. Regardless, he said the exercise shows the power of sticking with the market even through periods of turbulence like the global financial crisis of 2007-2009. He said the lesson is especially valuable to remember this year, as the market has struggled amid a Federal Reserve tightening cycle and geopolitical uncertainty.
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    Disclaimer

    Questions for Cramer?Call Cramer: 1-800-743-CNBC
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    Nikola adjourns shareholder meeting, again, as founder Trevor Milton blocks stock-issue plan

    After weeks of appeals to shareholders, Nikola still has yet to win shareholders’ approval to issue more stock.
    Trevor Milton, the company’s founder and former CEO, who is facing fraud charges, had voted his 20% stake against the proposal
    Nikola’s annual meeting was adjourned again, until Aug. 2, to buy time to drum up more votes.

    CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019.
    Massimo Pinca | Reuters

    Electric truck maker Nikola once again fell short of winning shareholder approval to raise new funds, the company said Monday. The measure has so far been blocked by the company’s since-departed founder.  
    In a brief webcast Monday, Chairman Steven Girsky said that while the vote on the proposal to issue new shares is closer than it was a few weeks ago, the tally is still shy of the 50% of outstanding shares needed to pass. The meeting is adjourned until Aug. 2.

    Nikola’s shares were roughly flat in after-hours trading after the meeting concluded.
    Nikola is seeking to raise money by issuing new stock, a process that requires shareholder approval. The company’s June 1 annual shareholders’ meeting was adjourned after its founder and former CEO and chairman, Trevor Milton, voted against the proposal. The meeting briefly resumed on June 30, only to be adjourned again as the proposal still didn’t have the votes to pass.  
    Milton left the company amid allegations of fraud in 2020, but he remains Nikola’s largest shareholder. He owns 11% of the company’s stock outright and controls about 9% more via an investment vehicle that he co-owns, giving him control of about 90 million shares of Nikola stock.  
    In order to pass the new-shares proposal, 50% of Nikola’s outstanding shares must be voted in favor. As of July 18, Girsky said, the vote is within 0.5%, or fewer than 1.6 million shares, of passing.
    Nikola isn’t in immediate danger of running out of cash, but the freedom to issue new shares would give it financial flexibility. Finance chief Kim Brady said in May that the company had enough cash on hand to fund its operations for at least another year. But he also noted that Nikola is burning about $180 million per quarter, and said then that a share offering was built into its plans for later in 2022.

    As of March 31, Nikola had $385 million in cash on hand and another $409 million available via an equity line from Tumim Stone Capital. It raised an additional $200 million via a convertible note issue in May.
    Milton, who founded Nikola in 2015, left abruptly in September 2020 after short-seller Hindenburg Research accused him of making false statements to investors about the company’s technology and order book.
    A federal grand jury has since indicted Milton on four counts of fraud related to statements he made to investors about Nikola’s business. His trial is currently scheduled to start in September. Milton has denied the allegations.
    Nikola will report its second-quarter results before the U.S. markets open Aug. 4.
    Correction: This article has been updated to correct Kim Brady’s pronouns.

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    Netflix investors brace for subscriber losses as company works on long-term fixes

    Netflix announces its second-quarter earnings results on Tuesday.
    The company previously projected a loss of 2 million subscribers for the period.
    Netflix is adding an advertising tier and cracking down on password sharing to reinvigorate growth, but those maneuvers won’t kick in until later this year or later.

    Jakub Porzycki | Nurphoto | Getty Images

    Netflix reports its second-quarter earnings Tuesday, and the run-up feels like hurricane preparation. A storm is coming. It’s probably going to be bad. Shareholders are praying the foundation is sturdy enough to withstand the damage.
    Netflix remains the world’s largest streaming service, but the company reported its first quarterly loss in subscribers in more than a decade earlier this year and warned that it expects to lose 2 million global subscribers in the second quarter. That would be the single largest quarterly loss in the company’s history.

    It’s possible the losses will be even worse than projected. Macroeconomic trends are worrisome. Concerns of a possible recession and rampant inflation may already be slowing down spending in the U.S. Netflix’s standard U.S. plan is $15.49 a month, making it pricier than all other major streaming services. That could make it the first option people cancel when they look to save money.
    Competition also continues to ramp up. By the end of the year, HBO Max will likely add Discovery+’s entire slate of content to its service, which costs $14.99 a month or $9.99 with ads. Disney last week increased the price on ESPN+ by $3 a month to $9.99, but kept its bundled offering of Disney+, Hulu and ESPN+ the same at $13.99 a month. That may lead to more customers for the Disney bundle, another potential alternative to Netflix.
    “I don’t know if [this quarter] will be bad, but it won’t be a good story,” said Andrew Rosen, a former Viacom digital media executive and founder of streaming newsletter PARQOR.
    At the start of 2022, many analysts were predicting Netflix would add more than 20 million new subscribers this year. As recently as April, JP Morgan analyst Doug Anmuth estimated the company would add 17.95 million in 2022. After last quarter’s bombshell, he lowered his full-year prediction to about 4 million.
    The big question for how Netflix shares perform after the results are announced will be how much of the bad news has already been baked in to the stock price. Already, Netflix’s market valuation has gone from $300 billion to under $90 billion in less than a year.

    “For now, I think the markets are going to focus on subscribers,” Yung-Yu Ma, BMO Wealth Management’s chief investment strategist, told CNBC on Monday. “I think there’s a big range of possible outcomes in terms of how much deterioration they actually see and how far that goes into the future.”

    Weathering the storm

    As last quarter’s earnings conference call was winding down, Netflix Chief Financial Officer Spencer Neumann jumped in to reassure investors positive growth would come in both the third and fourth quarters.
    Neumann said the projected loss of 2 million subscribers in the second quarter didn’t mean losses would continue: “We will grow revenue. And there will be paid net add growth,” he said.

    A still from “Stranger Things” season three, with the Hawkins crew on the cusp of adulthood and facing enemies old and new.

    Netflix is counting on a stronger slate of content, including a new season of “The Crown” and the nearly $200 million budgeted action movie “The Gray Man,” starring Ryan Gosling and Chris Evans, to accelerate growth. It will need to “overdeliver” in international regions — Latin America, Asia Pacific and its Europe-Middle East-Africa unit — to account for mounting headwinds in the U.S. and Canada, Rosen said.
    Netflix also has a lot going for it that other streamers don’t. Primarily, it makes money, and all signs suggest that won’t change anytime soon. Most analysts are predicting net income of nearly $5 billion this year. NBCUniversal’s Peacock, by contrast, is set to lose $2.5 billion this year. Even Disney, which has already added nearly 140 million Disney+ subscribers around the world since launching in late 2019, lost $887 million from its streaming products last quarter.
    And with 222 million subscribers globally — at least, before any official losses announced Tuesday — Netflix is still the largest streaming service on the planet. That’s a big draw for any creator who wants to make content for the biggest audience possible. It’s also a significant carrot for advertisers, who will finally be able to tap into Netflix’s audience by year-end, when the company launches an ad-supported subscription option for the first time.
    Netflix also plans to crack down on password sharing across the globe, a process that could add tens of millions of new subscribers over time. Netflix estimates more than 100 million households globally don’t pay for Netflix, with over 30 million of them in the U.S. and Canada.
    But longer-term efforts won’t show just yet, and the major theme of Tuesday’s results may simply be damage control.
    Netflix shares rose 1% Monday to $190.92 and are off more than 68% year to date.
    WATCH: Netflix investors are still near-term focused on subscribers, says BMO’s Yung-Yu Ma

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