After a massive decline last year, Netflix’s share price has stabilised above $300. This is because of:
- General rebound in global equity markets – especially tech stocks because interest rate hikes are expected to slow down.
- Oversold rebound – having slumped 75% from its 2022 peak, investors decided that a punt is worth taking on Netflix.
- Competitors’ weakness – Netflix’s losses may be less than expected this year and may even benefit from the massive losses sustained by its competitors
After a multi-month rally, the stock is not as oversold as before. A period of choppy trading may happen despite the improving macro headlines.
Jackson is a core part of the editorial team at GoodMoneyGuide.com.
With over 15 years of industry experience as a financial analyst, he brings a wealth of knowledge and expertise to our content and readers.
Previously, Jackson was the director of Stockcube Research as Head of Investors Intelligence. This pivotal role involved providing market timing advice and research to some of the world’s largest institutions and hedge funds.
Jackson brings a huge amount of expertise in areas as diverse as global macroeconomic investment strategy, statistical backtesting, asset allocation, and cross-asset research.
Jackson has a PhD in Finance from Durham University and has authored over 200 guides for GoodMoneyGuide.com.