Tech Sector Takes NASDAQ to Record Close

Markets closed up today, with the NASDAQ leading the way to record gains. The Dow added 70.08 points and closed out at 18,120.25. The S&P 500 performed about as well, posting a 16.89 point gain to close the day at 2,124.29. The NASDAQ had a record day for growth, bringing in an additional 1.26% to close up 64.24 at 5,136.18.

Tech Sector Takes NASDAQ to Record Close

NASDAQ 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.
The Health Services Sector, with biotech and insurance companies up every day, has been garnering all of the attention, but Tech is healthy and strong. As earnings reports continue to come out, the sector is only going to get stronger -- and that means more great strong trading days are coming this month for the NASDAQ.

Netflix (NFLX) Couldn't Stop Making Money if it Tried

After 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 Week

Google (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, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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