Why Tesla, SeaWorld, Netflix, and More Are Trending

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Jason Bazinet of Citi recently downgraded SeaWorld Entertainment Inc (NYSE:SEAS) to ‘Sell’ from ‘Neutral’, citing the strong dollar versus the Brazilian Real that might make a Latin American rebound less likely. Bazinet doesn’t know if the consensus EBITDA estimate can be met, and has a $15 price target, down from the previous $19. 20 top funds had a bullish position in SeaWorld Entertainment Inc (NYSE:SEAS) at the end of December.

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Netflix, Inc. (NASDAQ:NFLX) keeps on innovating to stay one step ahead of its competitors. According to Variety, Netflix will soon replace its 5 star ratings system with a thumbs up or thumbs down system. According to the company’s research, the thumbs feature received substantially more ratings from users than the five star system. Netflix benefits from having more ratings by using the information to determine which new shows/genres to fund for its original content strategy. With more relevant and popular original content, Netflix’s moat is wider. 61 elite funds were long Netflix, Inc. (NASDAQ:NFLX) at the end of December, up 6 funds from the previous quarter.

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Dean Foods Co (NYSE:DF) is trending after Ken Goldman of JPMorgan upgraded the stock to ‘Overweight’ from ‘Neutral’. Goldman also raised his price target to $22 from the previous $20, citing potentially lower raw diary input costs. The number of elite funds with holdings in Dean Foods Co (NYSE:DF) fell by 6 quarter-over-quarter to 14 at the end of December.

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Disclosure:None

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