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$NFLX Netflix Strikes Deal With China

Netflix is surging in premarket on news that the company has struck it’s first content licensing deal in China. This move in premarket puts $NFLX near fresh all time highs, have a look at the daily chart:

Here are the details:

To date, Netflix has been blocked by Middle Kingdom regulators from operating its own service in the world’s most populous nation.

The deal comes just over a year after Netflix took its service global with just a handful of territories — including China, Iran and North Korea — missing from its planet-wide strategy.

The announcement was made on the sidelines of the annual APOS conference in Indonesia, by the streaming service’s VP of content acquisition, Robert Roy. Netflix spokesmen told Variety that the deal was too new to provide many details, such as when the content will make its Chinese debut.

However, it is understood that Netflix Original content will be available on a day-and-date or near simultaneous basis, along with availability in other territories.

iQIYI claims over 500 million users monthly for its advertising supported (AVoD) platform. The company is also using original content to pioneer the conversion of many of its users to Netflix-like subscription models (SVoD).

Netflix had previously tried to enter China as a service operator, but acknowledged last year that regulatory hurdles were proving too great in the near term. It indicated on its third-quarter earnings call in late 2016 that licensing would likely be its route into the region.

China maintains a tight control of media, communications and the Internet within its own borders. Most foreign broadcasters are barred from operating in China except in limited circumstances and both Disney and Apple have seen their fledgling online services in China crimped in the past year.

Growing censorship controls have also made it harder to air foreign content on Chinese streaming services. Censors now require entire series to be approved before a show can begin to be carried by a platform, something that restricted Netflix-style binge viewing. It is not clear how iQIYI will overcome this issue and still make content available in synch with Netflix’s simultaneous global release pattern.

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Google’s ‘Flying Car’ makes its debut; Enter Kitty Hawk

$GOOGL, Google, a position of mine is flying higher today, up a cool 2%, ahead of earnings later this week. Today’s move takes the stock to fresh all-time highs, leaving the $1,000 mark right around the corner.

Today, a new video surfaced showing Google’s new project– it’s flying car. It’s looks more like an aircraft than an automobile, but that’s what their calling it. It’s official name is the Kitty Hawk. Here are some details:

Kitty Hawk, a startup backed by the Google (GOOGL, Tech30) cofounder, unveiled its prototype for an “ultralight” aircraft that can take off vertically — as long as you’re flying over open water.

In a demonstration shared online Monday, the Kitty Hawk Flyer is shown lifting off over a lake with the help of small propellers under its base. The prototype looks less like a car than a jet ski with wings.

The Flyer is expected to go on sale by the end of this year, according to the company’s website. The price has yet to be announced.

The startup says it has received approval from the Federal Aviation Administration for the aircraft to be flown in “uncongested areas.” Customers will not need a pilot’s license to use it.

“We’ve all had dreams of flying effortlessly. I’m excited that one day very soon I’ll be able to climb onto my Kitty Hawk Flyer for a quick and easy personal flight,” Page said in a statement provided to The New York Times, which was first to report the news.

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Whole Foods Spikes on Albertsons Exploring A Takeover Bid

Shares of Whole Foods Markets (WFM) were higher by 3.44% to $36.99 on Monday afternoon, following a report from the Financial Times noting that U.S. supermarket operator Albertsons is exploring a takeover of the grocery giant.

The story is developing, and $WFM is holding intraday gains. Here’s a daily chart:

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The Biggest Earnings Week EVER

CNBC is reporting that this is the biggest earnings week EVER, with nearly 200 companies from the S&P all reporting in a single week. Cramer mentions there’s no way we can get through all of this data in a single week which is why the first initial reaction from stocks reporting is normally the wrong reaction. He used $CAT & $INTC as examples from last quarter.

In summary, watch out for landmines this week. If you hold multiple positions in your account, you are likely to have a least one reporting this week. Earnings Whispers has put together a great calendar of the most popular companies reporting, see below:

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3D Printers And Coca-Cola

I’m pretty sure you are wondering what 3D printers have to do with Coca-Cola. Well, it looks like the two, DDD & KO, will be playing for the 9th annual iBC stock madness championship.

For the four who are still left, here is an update on the brackets (BRACKET UPDATE). It looks like Mr. Kytrader & Mr. Robert Simon will go head to head next week for the coveted championship mug.

Good luck guys.

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Crude Oil Futures Fall Back Below $50 a Barrel

Oil longs are getting punched in the nuts once again as Crude oil futures fall back below $50. I’ve been patiently waiting for a dip to get aggressive in oil stocks ahead of summer driving & cane season (that’s hurricane season).

I’ve already started a position in $RIG, and will be looking to add some $APA & $WTI in the very near future.

Here’s a current look at the price of oil, breaking down below $50:

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