Netflix, Inc. stock will give more reasons to the investors to spend freely on the gifts this holiday. The stock has been the biggest money maker for the retail investors last month, claims Openfolio. This year so far, Netflix stock is up 153% – highest on the S&P 500.
Tech stocks awarding investors
In November, Netflix, Inc. gained as much as 14%. This has been a remarkable rebound for the firm, which posted lower than expected subscriber growth for the Q3 in mid-October.
Netflix’s rebound is a good news for the retail investors as the stock is owned by almost 6% of the Openfolio users, making it the 9th most popular stock.
Overall, November has been a great month for the investors with almost 70% of the investors making money, claims data from Openfolio (via CNNMoney). The firm tracked 15,000 retail investors. Though November was not as good as October, it could be seen as a return to stability month after the turmoil late summer. In September, only 6% of the Openfolio investors made money.
In November, tech stocks have created the most value for the investors. The sector has also been among the best performers in 2015. Other popular stocks were Tesla (11% last month), and Amazon (7%). This year, Amazon has gained 115% while traditional retailers such as Wal-Mart, Sears and Best Buy are all down double-digits.
The most overlooked hot investments in the month were also from the tech arena, says Openfolio. Such stocks include Baidu, a Google-like service from China, and Box, which is a corporate data storage firm.
Netflix to continue its upward trend
Investors can expect the stock to continue moving upward. Todd Gordon of TradingAnalysis.com believes that since Netflix has breached the crucial $115 mark, it is poised well to hit old highs at $130. Even Amazon is expected to provide more returns.
“Though I love the Amazon chart, it’s straight ahead, there’s nowhere to define where you’re wrong in the trade. That’s not the case in Netflix. If you look at the Netflix chart, there’s a very clearly defined point of decision around $115.75,” Gordon told CNBC.
On Monday, Netflix, Inc. shares closed down 1.68% at $123.33. In the last one-year, the stock is up almost 150% while in the last six-month, it is up over 38%.