Stay-at-home stocks get boost from Netflix's subscriber growth forecast

AMERICAN WELL

20/07/2022 16:36

** Shares of some firms, which benefited from the lockdown
economy, rise on Wed after Netflix Inc  NFLX.O  soothed investor
concerns of customers ditching pandemic darlings
    ** The streaming pioneer on Tuesday forecast a return to
subscriber growth in Q3 after losing a lower-than-expected
970,000 subscribers in Q2  urn:newsml:reuters.com:*:nL1N2Z02DH
    ** At-home fitness players Peloton Interactive  PTON.O  and
Nautilus  NLS.N  up 10.5% and 6.3%, respectively
    ** Zoom Video Communications  ZM.O  rises 6.4% 
    ** E-signature vendor DocuSign  DOCU.O  and cloud services
firm Fastly  FSLY.N  up over 7% each
    ** Social media co Pinterest  PINS.N  and online crafts
retailer Etsy Inc  ETSY.O  up over 4% each
    ** Telehealth firms gain: Teladoc  TDOC.N , 1Life Healthcare
Inc  ONEM.O , Hims & Hers Health  HIMS.N , and American Well
Corp  AMWL.N  all up about 4%-7%
    ** Shares of NFLX's streaming peers also rise on Wed
 urn:newsml:reuters.com:*:nL4N2Z12Q7 

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; Twitter: https://twitter.com/sampath_uday
  ;))