Netflix stock is still exploding higher — here's why

Yahoo Finance2021-09-09

The epic month's long rally in Netflix shares seems to show no signs of abating. Netflix (NFLX) shares rose slightly on Wednesday despite a broader market sell-off, bringing its one-month gain to ...

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GrowGrowGrow
2021-09-09
GrowGrowGrow
Grow Grow Grow
Ong2021
2021-09-09
Ong2021
[Cool]
- Ong2021:
  [Miser]
Ong2021
2021-09-09
Ong2021
[What]
- GrowGrowGrow:
  yes

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The stock is by far the best component of the closely watched FAANG stock complex [Facebook, Apple, Amazon, Netflix and Google] during this stretch, topping a 7% gain for Apple.\nThe stock is currently trading at a fresh record high.\nIf Netflix shares finish today's session in the green, it would represent the ninth straight positive session for the stock — that would be the longest streak in Netflix history, per Bloomberg data.\nThe Netflix bullishness reflects several factors, investors fancy.\nFirst, the FAANG complex has fallen back into favor among investors as a hedge on a slowing U.S. economy due to the Delta variant.\n\n\"What's most interesting is the continuation of the digital transformation, and investors really realizing that when we see these tech stocks they seem to be a little bit resilient to a lot of the other pressures that are put on other sectors,\" Plexo Capital founding managing partner Lo Toney said on Yahoo Finance Live.\nAnd more specifically on Netflix, the Street appears to be waking up to the financial power of the company's upcoming content slate.\nEarlier this week, EvercoreISI lifted its price target on Netflix to $695 from $635, citing a \"very robust\" product slate. 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Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.\n\n\nRead the latest financial and business news from Yahoo Finance\n\nFollow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":883014307,"gmtCreate":1631188675209,"gmtModify":1676530491263,"author":{"id":"3582948757581957","authorId":"3582948757581957","name":"GrowGrowGrow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Grow Grow Grow&nbsp;","listText":"Grow Grow Grow&nbsp;","text":"Grow Grow Grow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/883014307","repostId":2166925733,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":889738000,"gmtCreate":1631177144000,"gmtModify":1676530487977,"author":{"id":"4087873768935830","authorId":"4087873768935830","name":"Ong2021","avatar":"https://static.tigerbbs.com/eec6b0f9969a9aab1913945a2c49ea24","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889738000","repostId":2166925733,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5804518,"gmtCreate":1631177153420,"gmtModify":1663233607850,"authorId":4087873768935830,"author":{"id":4087873768935830,"authorId":4087873768935830,"name":"Ong2021","avatar":"https://static.tigerbbs.com/eec6b0f9969a9aab1913945a2c49ea24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":889738000,"type":1,"supId":0,"prevId":0,"content":"[Miser]","text":"[Miser]","html":"[Miser]"}],"langContent":"EN"},{"id":889731773,"gmtCreate":1631177132992,"gmtModify":1676530488149,"author":{"id":"4087873768935830","authorId":"4087873768935830","name":"Ong2021","avatar":"https://static.tigerbbs.com/eec6b0f9969a9aab1913945a2c49ea24","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889731773","repostId":2166925733,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5806187,"gmtCreate":1631188712160,"gmtModify":1663233617440,"authorId":3582948757581957,"author":{"id":3582948757581957,"authorId":3582948757581957,"name":"GrowGrowGrow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":889731773,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":20,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2166925733"}