$Netflix(NFLX)$ is due to report its first quarter 2024 earnings results on 18 April after the regular trading hours, and I would expect the company to post growth in subscribers, as it entices many to watch movies from the comfort of their homes. Its turnaround strategies such as its crackdown on password sharing and ad-supported plans also appear to be bearing fruits. Since the pandemic and the rise of online streaming services, many have resorted to and now grown used to watching movies from the comforts of their homes and would avoid visiting theatre halls altogether. Hence, I believe that Netflix will have $AMC Entertainment(AMC)$ 's cake and eat it too, as the gain for the online streaming service giant is likely to take a toll on AMC's viewership, whose profits in the fourth quarter of last year had already fallen short of analysts' estimates. With rising competition from the online streaming service providers, AMC has better quickly reinvent itself to stay competitive and remain relevant post pandemic, as the pandemic has changed forever the way many people would watch movies.
Likewise, $Taiwan Semiconductor Manufacturing(TSM)$ will be announcing its latest earnings results on 18 April. The semiconductor foundry leader counts among its biggest customers Apple and Nvidia, as it manufactures the most advanced semiconductor chips for the iPhone maker and artificial intelligence chip designer. The proliferation of AI applications and the corresponding rising demands for various semiconductor chips from GPUs to memories to drive the AI engines are leading growth for TSMC in specific and the overall semiconductor industry $Semiconductor Bull 3X Shares(SOXL)$ in general. In fact, just this week TSMC has reported a 16.5% surge in first-quarter revenue, beating market expectations and at the high end of the company's own guidance as its sales flourish amidst strong demand for AI applications. I believe that SOXL will receive a shot in its arm upon the earnings release by TSMC next week.
Cryptocurrencies have witnessed a return of volatility on profit-taking after setting an all-time-high this year and risk-off on dented confidence of imminent interest rate cut, as inflation remains sticky while the jobs data continues to demonstrate resilience. With their spectacular recovery from a crypto winter not too long ago, cryptocurrencies have been building momentum on a slew of good news from massive bitcoin spot ETFs buying to the highly anticipated bitcoin halving this month. I like $Coinbase Global, Inc.(COIN)$ as a proxy exposure to the cryptocurrency market, and expect the stock to gain new heights as frenzy continues to build on cryptocurrencies.
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