Kulina: Netflix is a high-quality name, but near-term growth questions remain

Netflix - Netflix's profit miss is a significant concern, with the stock remaining flat since early May [1][2] - The market acknowledges Netflix's long-term value but questions its growth levers heading into 2026 [2] - Concerns exist regarding margin deterioration, decelerating revenue growth, waning engagement, and the diminishing benefits of password sharing [3] - Potential M&A activity, specifically with Warner Brothers Discovery, is being considered, but a large deal could raise concerns about organic growth [4][5][6] Tesla - Tesla's stock has increased 100% from its April lows and 33% since late May, driven by enthusiasm for autonomous driving and robotics [7] - Vehicle sales are declining amid increasing competition from China [8] - Investors are focused on the future of autonomous robo taxis and the Cybercab ramp-up, seeking more clarity on these initiatives [8] - The market is anticipating the outcome of the "must pay package" drama on November 6 [9] US-China Trade Relations - Increased tariffs on Chinese imports by 100% could impact Tesla's US business and operations in China [9] - The current stock price reflects some discounting related to US-China trade tensions [10] - Tesla's significant presence in China may provide some protection from government actions [10] - De-escalation of US-China trade tensions is viewed as the most likely path forward [11]