Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Overweight at Atlantic Equities by analyst Hamilton Faber, who said the company is in the "TV sweet spot." Faber said Netflix represents the best way to gain exposure as TV viewing shifts to the Internet. 2. Cepheid (CPHD) upgraded to Buy at BTIG with analyst Karen Koski saying Cepheid's investments over the past several years as creating significant optionality and expects the company to remain a market leader and share gainer within molecular diagnostics. 3. Capital One (COF) upgraded to Overweight at JPMorgan by analyst Richard Shane, woh said the company's credit sensitivity is lower than basic metrics would imply and misunderstood by investors. The analyst believes Capital One has "best-in-class underwriting" and "industry-leading" growth. 4. Entergy (ETR) upgraded to Buy at Goldman with analyst Michael Lapides expecting the company to benefit from an improved rate-making and regulatory process in Louisiana and Texas, declining exposure to merchant power markets, and robust demand growth. 5. PNC Financial (PNC) upgraded to Buy at Evercore ISI by analyst John Pancari, who said the company has avoided of CRE, energy, and auto which will lead to better credit performance down the road. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Canaccord analyst Maria Ripps downgraded Netflix to Hold from Buy with a price target of $585, down from $720.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSMetropolitan... To see the rest of the story go to thefly.com. See Story Here

On April 18 Entergy New Orleans and the Council of the City of New Orleans entered into a settlement in principle whereby Entergy New Orleans commits to increase the customer sharing of income tax benefits from the 2016-2018 IRS audit resolution from $60M to $138M, a $78M increase. The settlement in principle also provides for the retail rate-making treatment of the total customer credit

Netflix said in its quarterly letter to investors: "We have built a hard to replicate combination of a strong slate, superior recommendations, broad reach and intense fandom, which drives healthy engagement on Netflix. Improvement in these key areas is the best way to delight our members and continue to grow our business." The company added: "Net cash generated by operating activities in Q1 was $2.2B and free cash flow totaled $2.1B (both flat with Q1'23). During the quarter, we paid down $400M of senior notes with cash on hand and we repurchased 3.6M shares for $2B. We finished the quarter with gross debt of $14B and cash and cash equivalents of $7B. We're still forecasting full year 2024 free cash flow of approximately $6B, assuming no material swings in F/X, and cash content spend of up to $17B."

Pre-earnings options volume in Netflix is 1.1x normal with calls leading puts 5:4. Implied volatility suggests the market is anticipating a move near 7.3%, or $44.89, after results are released. Median move over the past eight quarters is 9.6%.

Netflix (NFLX) is scheduled to report its first quarter 2024 financial results and business outlook on Thursday, April 18. A video interview... To see the rest of the story go to thefly.com. See Story Here