Investors are probably being a little over-negative, notes James E. Demmert. He discusses the takeaways from Netflix’s (NFLX) earnings. He also talks about the outlook for Netflix subscriber growth. He also looks at what TSMC’s (TSM) earnings mean for semiconductor demand. Kevin Green then joins to demonstrate a bearish NFLX trade and a bullish TSM trade. Tune in to find out more about the stock market today.