Netflix’s chilled Q3 earnings may still jolt shares

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Netflix is set to announce its Q3 earnings after US markets close on Tuesday, with its shares needing a new catalyst to post a new record high. Since hitting the $575.20 mark on July 13th, its shares have been trading in a sideways range, in keeping with the broader trend in US stocks. However, markets are already anticipating a single-day move of 9.16 percent after its earnings are released, which however would be lower than the average 12 percent post-earnings day move since October 2009.

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