I'm cautious about the FAANGM stocks based on such high valuations which makes them more susceptible to a meaningful correction in the event that the sentiment shifts towards more cyclical stocks.
However, Netflix looks really attractive for a long-term buy and hold. Year on year the company has grown its revenue since 2006 (as far as the data goes on Tradingview). The forward PE has steadily declined since 2015.
Netflix has a strong business model and is the leader in its industry. I would consider it a buy and hold in my long-term portfolio.
The signals suggest that the current entry point looks attractive. It should hit the $600 mark which is the upper point of the short-term channel. Hopefully thereafter it will move toward the $700 mark. Its currently trading at $493.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
However, Netflix looks really attractive for a long-term buy and hold. Year on year the company has grown its revenue since 2006 (as far as the data goes on Tradingview). The forward PE has steadily declined since 2015.
Netflix has a strong business model and is the leader in its industry. I would consider it a buy and hold in my long-term portfolio.
The signals suggest that the current entry point looks attractive. It should hit the $600 mark which is the upper point of the short-term channel. Hopefully thereafter it will move toward the $700 mark. Its currently trading at $493.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.