Streaming video veteran Netflix (NASDAQ: NFLX) is crushing the market in 2020. The stock has gained 30% year-to-date while the S&P 500 market index fell 5% over the same period. Netflix is one of the biggest winners in the COVID-19 crisis, adding millions of new subscribers as stay-at-home orders left consumers hungry for new entertainment options.
The health crisis has most certainly accelerated Netflix's long-term growth ambitions and investors who buy the stock today will pocket impressive returns in the long run. But I don't see this stock as a no-brainer buy for every investor right now.
Image source: Netflix.
Source Fool.com