Is Netflix Stock a Buy Right Now?
There's little doubt that Netflix (NASDAQ: NFLX) has been among the clear winners of the ongoing stay-at-home economy: The stock is up an impressive 70% so far this year. To put that into context, the Dow Jones Industrial Average is down about 7%, the S&P 500 sits near breakeven, and the NASDAQ Composite has gained about 20%.
Given the stock's meteoric rise and the fact that Netflix's second-quarter financial report is scheduled for Thursday, July 16 after the market close, many investors are asking themselves this critical question: With the market-beating gains it has achieved so far in 2020, and with so much growth already baked into the stock price, should I consider adding Netflix right now?
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Source Fool.com
