The US stock market is stabilized, and the recent FED rate cut announcement has proven fruitful in the long run. The market is recovering and is currently sitting at a lucrative pace. This is a time when investors can make the most out of this experience and explore novel US stocks that may help them gain the upper hand in the long haul.
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A Stock Investors Shouldn’t Miss – Netflix
Source: Forbes
According to investors, Netflix is one of the most promising US stocks to explore. The stock is trending high in the buy zone and has recently broken a downtrend, indicating that a surge in its price will soon be on the cards.
Speaking about its technical indicators, Netflix is currently basking in fresh support. Its RSI shows that the stock is trending in green. NFLX has traded at $701 in the last 24 hours.
Image: Research.Investors
The portal outlined NFLX’s detailed earnings and how it has disseminated profits worth 597% over the past three years. The revenue stats show metrics rising at an exponential rate, with a chance of consistent upswing ahead.
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Why Is NFLX Soaring High On The Index?
The Investor quickly outlined potential reasons why NFLX stocks are surging ahead on the radar. For instance, Netflix’s recent policy restricting password sharing and cheaper ad support has helped it secure more users and profits.
The firm also produces original content, including critically acclaimed projects like “Stranger Things” and “Bridgerton.” Such endeavours have helped Netflix secure new users and diversify its income streams.
Also, the firm is now exploring the live events arena and has signed a $5 billion deal with TKO Group to onboard its flagship program, “RAW.”
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