Trade Tracker: Jason Snipe Increases Holdings in Netflix on YouTube

Jason Snipe, Founder and CIO of Odyssey Capital Advisors recently appeared on CNBC’s “Halftime Report” to discuss his decision to invest in Netflix despite the streaming giant’s stock being down about 14%.

Snipe pointed out that Netflix has a strong track record of providing original content, which has helped them maintain a loyal subscriber base. He mentioned that despite facing increased competition from other streaming services, Netflix continues to hold a dominant position in the market.

Snipe also highlighted Netflix’s international growth potential, noting that the company has been expanding into new markets and has seen success in regions like Asia and Europe.

Overall, Snipe expressed confidence in Netflix’s long-term prospects and viewed the recent dip in stock price as a buying opportunity. He emphasized the importance of evaluating a company’s fundamentals and growth potential when making investment decisions.

Investors should consider conducting their own research and consulting with a financial advisor before making any investment decisions.