JPMorgan has downgraded Netflix stock $NFLX from “Overweight” to “Neutral,” citing the company's aggressive valuation following a nearly 400% rally since October 2022. While Netflix remains a dominant player in the streaming industry, its current stock price, trading at all-time highs, signals a more balanced risk/reward outlook for investors in the near term.

International rating agency Fitch has recently downgraded the long-term rating of Australian steel manufacturer InfraBuild Australia Pty Ltd to CC, indicating an "increased" likelihood of defaulting on a $550 million bond. This news serves as a troubling signal for investors and the wider industry.