Netflix has had a great 2020.
As a “stay-at-home stock” it has seen growth during national lockdowns.
Netflix’s growth in 2020 and 2021
Netflix is now entering a strong time of year.
Netflix left the ranges of $400 in April and leaped to $500 in July thanks to people watching their favorite series.
The performance of this media titan received an unexpected gift from the virus restrictions, and so it used the moment to catch the wave.
It has gained between December 04 and February 28 in 12 out of the last 14 years.
Over the month of January during the course of the last 14 years, Netflix has risen in 11 of those years registering an average return of 17%.
The maximum profit was a huge 82% in 2013.
The largest gain was in 2012 with a whopping +117% profit.
Are more gains ahead this year?
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2020 was an amazing year for Netflix, which has managed to ramp up its global subscriber base – totaling more than 195 million subscribers in the third quarter, while the last quarter is estimated to show another 6 million increase.
The company’s stock is now trading at $540 after it gained around 10% since the beginning of December 2020 with a total of 67% year-to-date.
Third-quarter financials have shown that Netflix exceeded expectations with $6.44 billion in revenues and investors can expect the Q4 earnings report on the 19th of January 2021.
Both technical and fundamental analysis points to a largely bullish 2021 for Netflix and with its recent performance, it has rightfully earned its place as the hottest stock pick of the week.
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