Market Catalysts Hosts reports the latest news on Netflix (NFLX) after Wells Fargo (WFC) downgraded the stock to Underperform, citing "worrying" engagement trends. Video Transcript 00:00 Speaker A Well, let's uh bring you a stock mover that we are watching right now that is down sharply and that is Netflix. 00:08 Speaker A The stock getting downgraded to underperform over at Wells Fargo here. 00:13 Speaker A Um, the analyst over there is Stephen Cahill and uh basically he says engagement trends look worrying to us. 00:22 Speaker A He says Netflix viewership was 1.6 hours per subscriber per day in the first half. 00:27 Speaker A um and he said that is down about 8% versus the first half of 2023 after you make some adjustments.
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