Earnings Season Pass Coming in Hot

We have a major contrarian take, hot off the press, to kick off Earnings Season Pass.

When you see the setup, we think you’ll understand why.

• Stock is up +85% YoY, +40% YTD

• Forward-looking web visits are down -14% YoY (trailing peers)

• Monthly active app users have dropped -10% YoY

This is a consumer and investor darling — but it stopped reported user numbers last quarter…and we can definitely see why.

Any guesses as to which stock we’re talking about?

If you’ve been following LikeFolio for a while, you know we always kick off Earnings Season Pass with a NFLX call — and we aren’t afraid to take the contrarian side of the trade when the data is screaming at us.

This quarter looks to be another divergent setup.

The chart below is pretty glaring:

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Landon gets into the weeds on exactly how we are approaching this trade on this week’s Founders Call (you can watch it below).

Members Only Beyond This Point