31.03.2020 Netflix Daily Analysis

31.03.2020 Netflix Daily Analysis

Today Netflix is trading at $370.96 (+3.88%). Netflix is the perfect coronavirus stock for several reasons. Netflix is the undisputed top dog of premium streaming video. It's a globe-trotting juggernaut with 167.1 million streaming premium members worldwide. It always seems to have a firm reading on the pulse of the shows and movies that will dominate water-cooler chatter. It has a huge global growth opportunity, it is seeing increased demand from so many currently housebound consumers around the world, and it's also well insulated from recessionary conditions because of the service's low price point and strong value proposition. Netflix had $14.8 billion of long-term debt on its books at the end of last year. That's not a trivial amount of debt for any company, let alone for Netflix, which only had $2.6 billion of operating income last year. So it's understandable why some may think that's a precarious financial position.