We just NEED 1%............ Shares of Netflix Inc

We just NEED 1%............ Shares of Netflix Inc. NFLX, -0.40% are up more than 5% in midday trading Thursday, and Stifel analyst Scott Devitt said the latest results from Comcast Corp. CMCSA, -3.77% should be a hopeful signal for the streaming giant. "Comparing Netflix to introductory pricing and/or inferior over-the-top products as a justification for worrying about the competitive climate is missing the fact that the cable, telecom, and satellite video industry (where all the money is) is shrinking with no end in sight," wrote Devitt, who rates Netflix a buy with a $390 target price. Comcast on Thursday reported a net loss of 133,000 residential video subscribers, whereas it had only lost 19,000 in the year-earlier quarter. Comcast's stock is down 3.6% in Thursday trading, while the S&P 500 SPX, +0.11% is off 0.3%.