The coronavirus crisis may have wreaked havoc through markets, entire industries and economies but some brands that have emerged stronger than before after the lockdown. One such company is Netflix, which has seen a growing interest from investors and stock brokers in Netflix stock.
Netflix stock has outperformed the Zacks Broadcast Radio and Television industry since the beginning of the year (+23.1% vs. +4%), with the company benefiting from the pandemic’s streaming boost.
Partly offsetting the stock’s positives, stock brokers highlight the absence of new seasons for popular shows like Money Heist (picture) and Stranger Things may affect Netflix’s subscriber growth in the third and fourth quarter of 2020 amid increasing competition.
Despite short-term projections, Netflix stock’s upward trend proves you need both the health and performance of a business are important to drive sustainable success.
Netflix is dominating the streaming space thanks to its diversified content portfolio, which focuses on heavy investments in the production and distribution of localized, foreign-language content and regional programming. Still, stock brokers turn their eyes towards several competitors in the subscription video-on-demand service.
Two services outpaced the rest of the growing group of competitors since the start of the pandemic – Amazon Prime and Disney‘s Disney+ all grew their share of streaming hours between February and mid-May, according to data from Comscore.
While Apple, which runs its own original content streaming service Apple TV, saw its stock hit another all-time high on Monday closing up 2.1% to $66.53 on Monday. The stock is up more than 60% since the US market plunge on 23 March.
As prospects are good for Netflix stock, Disney, and Amazon – traders who are interested in investing in shares of these companies can use one of the many online stock brokers that allow ease entry into the market.
One of the more popular stock brokers to invest with is eToro. The stock broker has been in business since 2007 and is preferred by traders for its easy-to-use platform and multiple financial instruments. In addition to trading Netflix stock, investors can copy the trades of other users across over 1,900 instruments, including contract for difference (CFDs) on popular cryptocurrencies.
eToro is leading social trading platform offering Stock Trading, CFD trading and cryptocurrency both through a user-friendly web platform and mobile app that is easy to use for less experienced investors.
TD Ameritrade is another popular choice for beginners and experienced traders alike. As one of the largest and oldest names in online stock brokerages, it services millions of customers, 3.5 million of which were brought over from last years’ acquisition of Scottrade. It has several platforms for investors to choose from, from their basic site to the Thinkorswim designed for traders who are very active.
The company offers advanced trading tools and mobile applications. Investors can start trading Netflix stock without a minimum opening deposit. The Thinkorswim App requires a bit of time to get used to but, all in all, its ample functionality is one of the best features traders can find in a stock broker.
With the streaming sector rapidly expanding, now is a good time to open an account with a stock broker and start trading if you want to capitalize on the success of the leaders in streaming media.