Two Services Companies Are Hot: Netflix, Inc. (NFLX), L Brands, Inc. (LB)

Netflix, Inc. (NFLX) ended last trading session with a change of 1.87 percent. It trades at an average volume of 6.21M shares versus 4.91M shares recorded at the end of last trading session. The share price of $143.52 is at a distance of 69.85 percent from its 52-week low and down -1.66 percent versus its peak. The company has a market cap of $61.61B and currently has 429.31M shares outstanding. The share price is currently 1.08 percent versus its SMA20, 3.9 percent versus its SMA50, and 27.06 percent versus its SMA200. The stock has a weekly performance of 1.11 percent and is 15.93 percent year-to-date as of the recent close.

On March 6, 2017 Netflix, Inc. (NFLX) announced its second Korean original television series – Kingdom. The eight-episode series, produced by a prominent Korean Drama production company, Astory, is set in Korea’s medieval Joseon period where a crown prince is sent on a suicide mission to investigate a mysterious outbreak that leads him to a brutal truth that threatens the kingdom.

L Brands, Inc. (LB) recently recorded -0.89 percent change and currently at $49.85 is 4.01 percent away from its 52-week low and down -41.78 percent versus its peak. It has a past 5-day performance of -3.09 percent and trades at an average volume of 3.51M shares. The stock has a 1-month performance of -14.51 percent and is -23.5 percent year-to-date as of the recent close. There were about 284.59M shares outstanding which made its market cap $14.19B. The share price is currently -7.56 percent versus its SMA20, -14.11 percent versus its SMA50, and -25.33 percent versus its SMA200.

On March 02, 2017 L Brands, Inc. (LB) reported net sales of $765.5 million for the four-week period ended Feb. 25, 2017, a decrease of 10% compared to net sales of $849.3 million for the four-week period ended Feb. 27, 2016.  Comparable sales for the four weeks ended Feb. 25, 2017, decreased 13%.  For February, the exit of the swim and apparel categories had a negative impact of 6 percentage points and 8 percentage points to total company and Victoria’s Secret comparable sales, respectively.