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Netflix Stock Just Notched a New All-Time High. Is This a Brilliant "Recession-Proof" Stock Pick?
While most of the tech sector is off its all-time highs by 20% or so, Netflix (NASDAQ: NFLX) recently notched a new all-time high. Most of the market fears how trade wars and tariffs could affect the economy, but Netflix seems immune to those fears.One conclusion could explain Netflix stock's resilience: The market seems to think it's recession-proof. So, is this the case? And if it is, does the stock have more room to run? Let's take a look.Netflix isn't a company that needs an introduction. Nearly everyone (or seemingly everyone) has a Netflix account or has access to one, although the latter has become a bit rarer due to the password sharing crackdown. Even if a person doesn't have access to it at the moment, it's a subscription service that many people come back to once a new show arrives or a hit series debuts.Continue reading
While most of the tech sector is off its all-time highs by 20% or so, Netflix (NASDAQ: NFLX) recently notched a new all-time high. Most of the market fears how trade wars and tariffs could affect the economy, but Netflix seems immune to those fears.
One conclusion could explain Netflix stock's resilience: The market seems to think it's recession-proof. So, is this the case? And if it is, does the stock have more room to run? Let's take a look.
Netflix isn't a company that needs an introduction. Nearly everyone (or seemingly everyone) has a Netflix account or has access to one, although the latter has become a bit rarer due to the password sharing crackdown. Even if a person doesn't have access to it at the moment, it's a subscription service that many people come back to once a new show arrives or a hit series debuts.
