Tech Sector Takes NASDAQ to Record Close
Tech Sector Takes NASDAQ to Record CloseNASDAQ had a great day today, piling on gains and closing up a record 1.3%. The booming Technology Sector is the reason behind the index's big climb.
Netflix (NFLX) Couldn't Stop Making Money if it TriedAfter releasing their Q2 earnings, shares of Netflix (NFLX) rose over 18% on the day. The company seems like it's doing everything right. It's expanding overseas, adding subscribers here at home, and exploring new markets in the meantime. Netflix was up 17.68 points today, closing at $115.81, an all-time high.
The reasons behind Netflix's (NFLX) rise are interesting, if you like talking about subscription models and business growth. Some call Netflix stock overvalued, but I think those analysts are short-sighted. Netflix has a product that the whole world wants -- American movies and television. They sell it affordably, with an automatically renewing subscription model that's affordable to customers across all age ranges and income demographics.
Netflix (NFLX) has the infrastructure and foresight to take their operation world-wide, and that's exactly what they're doing. While competitors Hulu and Amazon (AMZN) Prime Video are struggling to get started and maintain a toehold in domestic markets, Netflix is expanding overseas like wildfire.
I anticipate continued growth from Netflix, especially in the long-run. Over 5 years, this stock could double and split easily, especially as more subscribers come online across China and India. Keep your eye on Netflix, they practically have a license to print money thanks to the popularity of American entertainment.
Google's (GOOG) Great WeekGoogle (GOOG) is having a strong week with the release of its Q2 earnings. The company was already on an anticipatory upswing ahead of the release, and today in pre-market trading it broke loose. Google gained 19.63 points, or 3.50%, to close the day's trading at $579.85.
Published on Jul 16, 2015By Aaron Phillips