Netflix shares fell 15.9% from May to August, driven by weak guidance and lower free cash flow. ETFs holding Netflix reacted differently: FDN gained 6% as other internet stocks offset Netflix's decline, XLC dropped 5% influenced by heavy Meta and Alphabet holdings, and VOX fell 6% with broader sector exposure. Going forward, U.S. digital ad spending will be key, affecting Meta, Alphabet, and Netflix's ad revenue growth. Investors in these ETFs should note Netflix's impact varies by fund composition.
The Alger Dynamic Opportunities Fund's Class A shares outperformed the S&P 500 Index in the second quarter of 2026. The fund maintained an average long exposure of 88.77% and a short exposure of -37.38%. Top contributors to the fund's performance inc...
Netflix has decided to cancel its planned American spinoff of the hit series Squid Game before it even airs. The project, which involved high-profile names like director David Fincher and writer Dennis Kelly, was scrapped due to changes in Netflix's ...
