Why the Rally in Netflix Stock is Just Getting Started
Published by
Barchart
Barchart
Content streaming stocks were rocked last year, with industry leader Netflix (NFLX) nosediving around 75% from peak to trough. Undoubtedly, the streamers weren’t the only group of tech-oriented plays that were punished severely as the reality of higher interest rates set in. Fintech firms also suffered quite the devastating hit to the chin, with many once-loved stocks, like Block (SQ) and PayPal (PYPL), still a long way off from their highs. But unlike the fallen fintech stocks, I do think the streamers can pick themselves up off the canvas as the industry continues its evolution. Of course, t…