07.04.2020 Netflix Daily Analysis

07.04.2020 Netflix Daily Analysis

Netflix so far is one of the best-performing assets in a generally declining market. The coronavirus has inflicted damage on almost the entire Financial markets but some stocks seem to be doing well despite the general market pullback. This is because more and more people are staying at home as a result of the quarantine and their choices for fun are limited hence most resort to streaming shows online. As a result, Netflix has climbed 17% higher and seems to be going even higher. One stock of Netflix is currently trading at $379.96 and is projected to perform even better. The only issue is that with such large amounts of consumers trying to access the streaming at the same time there is the issue of server overload and because of this the firm faces competition from newcomers like Disney+ or Apple TV+. The variety of content is what will help the streaming giant maintain its value and grow.