Netflix Just Showed Why It's a Must-Own Stock for the Trump Tariff Era
The "Magnificent Seven" soared through 2023 and 2024, but the elite group of tech stocks has gotten crushed this year as weakening consumer sentiment and President Trump's trade war have sparked fears of a recession.However, another market darling is standing tall. While every member of the Magnificent Seven is down by double digits this year, Netflix (NASDAQ: NFLX) is up 9% year to date, outperforming those tech giants and the S&P 500 by a substantial margin.The streaming leader pleased investors once again with its first-quarter earnings report as the stock rose after hours on April 17 following the news.Continue reading
The "Magnificent Seven" soared through 2023 and 2024, but the elite group of tech stocks has gotten crushed this year as weakening consumer sentiment and President Trump's trade war have sparked fears of a recession.
However, another market darling is standing tall. While every member of the Magnificent Seven is down by double digits this year, Netflix (NASDAQ: NFLX) is up 9% year to date, outperforming those tech giants and the S&P 500 by a substantial margin.
The streaming leader pleased investors once again with its first-quarter earnings report as the stock rose after hours on April 17 following the news.