Orlando, FL -- (SBWIRE) -- 09/27/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Netflix, Inc. (NASDAQ:NFLX), Citigroup Inc. (NYSE:C).
Netflix, Inc. (NASDAQ:NFLX) shares increased 2.07% to $313.51. Analysts at Morgan Stanley and BTIG cut their ratings on the company on Sept. 12. Morgan Stanley's Scott Devitt cut his rating on Netflix to equal weight from overweight, and BTIG's Richard Greenfield lowered his take on the stock to neutral from buy, mostly due to valuation.
Additionally, the company launched its video streaming service in The Netherlands, offering movies and TV shows from Hollywood and local producers as the U.S.-based company expands its reach into Europe. The service will cost 7.99 euros ($10.60) a month for on-demand content watchable on Internet-connected TVs and mobile devices, Netflix said on Sept. 11.
Are investors worried about the recent updates with NFLX? Find out with a free trend analysis HERE
Citigroup Inc. (NYSE:C) stock decreased 0.67% to $48.93. Citigroup has gone to court to block a new effort by Abu Dhabi Investment Authority to pursue arbitration over a $7.5 billion investment the sovereign wealth fund made in the bank amid the subprime mortgage meltdown in 2007.
In a complaint unsealed on Sept. 24 in U.S. District Court in New York, Citigroup said that by filing a claim last month, ADIA had made an "assault" on a federal court ruling in March that upheld the bank's win in an earlier international arbitration.
Additionally, the company on Sept. 25 said it agreed to pay $395 million to Freddie Mac to resolve claims of potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000 to 2012. Citigroup said the settlement also covers potential future claims arising from the loans bought by Freddie Mac, a large purchaser and guarantor of home loans.
Is C going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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