The Communication Services Select Sector SPDR Fund (XLC)

Netflix has reached a historic milestone, with its stock price soaring to an all-time high of nearly $1,101. Investors seeking to tap the bullish trend should invest in ETFs with the largest allocation to this streaming giant.

Investors are pulling out of top tech ETFs, despite strong performance, in favor of blue-chip stocks. Defensive sectors see inflows as tech weakens.

The company reportedly said the layoffs were meant to help Oculus Studios work more efficiently on future mixed-reality experiences for its growing audience.

CEO Sundar Pichai said the search business saw strong growth, which was helped by greater engagement with features like AI overviews.

The Finchat-compiled consensus calls for Alphabet to report earnings per share of $2.01 and revenue of $89.15 billion for the first quarter of the fiscal year 2025.

During the company’s first-quarter earnings call, CEO John Stankey stated that if tariffs increase the cost of phones, AT&T will likely pass those higher costs on to customers, just as it has in the past when handset prices rose.

The largest U.S. wireless provider said it lost 289,000 monthly phone subscribers in the first quarter, in contrast to a gain of 568,000 subscribers in the prior quarter.

The company is widely expected to report adjusted earnings per share (EPS) of $1.15 for the first quarter of the fiscal year 2025 and revenue of $33.30 billion.

The DOJ, joined by a coalition of state attorneys general, is seeking structural remedies, including a forced divestiture of Google’s Chrome browser, to restore competition.

The brokerage set a $112 price target and projected a potential earnings path to $7 per share.

Lee-Anne Mulholland, Alphabet's VP of Regulatory Affairs, slammed the DOJ lawsuit as a "backward-looking case" coming at a time of intense competition when new services such as OpenAI's ChatGPT and foreign competitors such as DeepSeek were thriving.

Barclays highlighted Netflix's "defensive" appeal in the current macro environment and said visibility is high, which will likely help sustain the stock's premium valuation.

Wall Street saw a rebound in risk appetite on Thursday ahead of the long Easter weekend, as President Donald Trump signaled positive momentum in trade negotiations.

The Koyfin-compiled consensus estimates call for the streaming giant to report earnings per share of $5.68 and revenue of $10.51 billion for the first quarter of the fiscal year 2025.

UBS noted that its proprietary viewership tracker shows a rebound in consumption following a slowdown linked to Netflix’s paid-sharing crackdown and delayed content releases.