Over the past few weeks, the stock market has fallen sharply, keeping investors on their toes. Those who waited patiently will now see major benchmarks move back upwards.
Plenty of ‘’dispirited’’ market leaders were among big winners this morning, as growth stock investors reaffirmed their dominance at least for a short while.
All-time favorites like Netflix keep shareholders entertained with stock prices moving higher up. There’s no doubt that Netflix had a great year in 2020 and carries a lot of momentum entering 2021.
Last week, shares of Netflix went higher as the company announced strong fourth-quarter results and predicted a huge jump in earnings in the first quarter. Netflix stock touched a new all-time high, ending the day with a 17% gain.
The King of entertainment
The Internet television network giant, Netflix is dominating not only the streaming video market but also the stock market.
Over the last few years, Netflix has tremendously grown its global subscriber base.
In 2020, Netflix added more than 10.1 million net new subscribers, bringing the total net new additions to the platform to about 26 million in the first six months of the year. That is almost as many as the 28 million NFLX added in the entirety of 2019.
Boosted by the COVID-19 pandemic, the world’s leading streaming service still has room to run.
The COVID-19 pandemic shook the markets and lead to a recession, which was devastating to most companies. But not Netflix, whose business has thrived during a turbulent time. The stock is up 50% so far this year, and like for many other tech companies, lockdown orders have been a blessing.
Having all these in mind, experts predict even bigger growth and more profit opportunities for those who invest in Netflix this year.
Make sure to watch Netflix putting up its best show on the stock market!