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Netflix will finally give viewers a download feature for films and series $NFLX

Netflix Inc. (NFLX) said Wednesday morning it is rolling out the ability to download TV series and films, a feature lauded on other platforms such as Amazon.com Inc.’s (AMZN) Prime Video. More and more consumers are watching video content on the go where cellular and wireless internet connections can be spotty, at best. The feature is available Wednesday for all plans and across all available devices, Director of Product Innovation Eddy Wu wrote in a blog post on the company’s site. It’s not clear exactly how many series and films are available for download. In the blog post Wu writes many of viewers favorite series are available, with more on the way. Shares of Netflix are up nearly 3% in the year to date, underperforming the S&P 500 Index , which is up almost 8%.


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Wednesday’s Pre-Market Look: Stocks In The News Before The Open

Arrowhead Pharmaceuticals (ARWR) plunged 60% in after-hours trading after it said it will discontinue development of clinical stage drug candidates ARC-520, ARC-521 and ARC-AAT and will reduce its workforce by 30%.

Nutanix — Nutanix (NTNX) lost 37 cents per share for its latest quarter, seven cents a share less than expected. The cloud data storage company’s revenue was above estimates. The company also gave upbeat guidance for the current quarter.

UnitedHealth Group (UNH) — Just three weeks after downgrading the stock to “neutral,” Mizuho upgraded the health insurer back to a “buy” rating following its meeting Tuesday with analysts and investors. Mizuho said it is now convinced that the company is well-insulated from any downside due to political change.

Goldman Sachs (GS) — Deutsche Bank upgraded Goldman to “buy” from “hold,” saying Goldman will be helped by higher interest rates and stronger economic growth, among other factors.

Celanese (CE) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $92.

AmSurg (AMSG) will replace Legg Mason in the S&P 500 effective after the close of trading on Thursday, Dec 1.

Mid-America Apartment Communities (MAA) will replace Owens-Illinois in the S&P 500 as of the close of trading Thursday, Dec 1.

Shutterfly (SFLY) was rated a new ‘Buy’ at Alegis Capital with an 18-month target price of $62.

Advaxis (ADXS) was rated a new ‘Buy’ at Cantor Fitzgerald with a 12-month target price of $19.

Splunk (SPLK) rallied over 4% in after-hours trading after it reported Q3 adjusted EPS of 12 cents, above consensus of 8 cents, and then raised guidance on fiscal 2017 revenue view to $930 million-$932 million from a prior view of $910 million-$914 million.

Autodesk (ADSK) dropped 3% in after-hours trading after it forecast a Q4 adjusted share loss of -32 cents to -39 cents, a larger loss than consensus of -31 cents.

Hyatt Hotels (H) slid over 1% in after-hours trading after a 6-million share block of shares was offered.

Guidewire Software (GWRE) rose over 2% in after-hours trading after it reported an unexpected Q1 adjusted EPS profit of 2 cents, better than consensus of a -5 cent loss, and then raised guidance on fiscal 2017 revenue to $473 million-$483 million from a September 7 view of $471.5 million-$483.5 million.

Ooma (OOMA) climbed over 4% in after-hours trading after it reported a Q3 adjusted loss of -2 cents a share, a smaller loss than consensus of -5 cents, and then raised guidance on 2017 adjusted EP loss to -16 cents to -19 cents from an August 30 view of -20 cents to -25 cents.

Evolent Health (EVH) fell 7% in after-hours trading after it said it will offer $110 million in convertible senior notes due on 2021, convertible into Class A shares.

Costamare (CMRE) sank 9% in after-hours trading after it announced a public offering of 11 million shares of common stock.

Source: BarChart, CNBC, Bloomberg, FoxBusiness


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