2 hours ago 1

Netflix Joins Google On Two Elite Lists. Now The Trial Begins.

Including Facebook-parent Meta Platforms (META), Amazon.com (AMZN) Google-parent Alphabet (GOOGL) and Netflix (NFLX), FANG stocks were once all the rage on Wall Street. While Netflix stock did not make the cut when the Magnificent Seven moniker came into vogue, the streaming giant has grabbed a spot alongside some of its former FANG peers on two elite lists.

Boosted by cost-cutting, a new subscription tier and a crackdown on password-sharing, Netflix has entered a new growth phase in recent years. And now it aims to weather some buffering around its 50-day moving average and break out.

Netflix just streamed onto the latest list of new buys by the best mutual funds. These leading money managers scooped up $406 million worth of shares. In another sign of demand, Netflix stock has seen eight quarters of rising fund ownership.

Showing these fellow FANG stocks have not lost their bite, Alphabet and Meta also made the latest list of new buys by top funds. These institutional investors poured a whopping $21.12 billion into Google stock. Meta Platforms saw a capital infusion of $2.8 billion.

Amazon, Alphabet And Netflix Stock On IBD Leaderboard

As Netflix looks to complete a new flat base and break out, it earns a spot alongside Amazon and Alphabet on the Investor's Business Daily Leaderboard.

Now on trial as a new base forms, Netflix has slipped below its 50-day line. As the stock fights to get back above that benchmark, the 21-day exponential moving average has climbed above the 50-day line — a sign of rising technical strength.

Earning top billing in the Leisure-Movies & Related industry group, Netflix earns a 93 Composite Rating out of a best-possible 99. Over the last three quarters, the company has posted average earnings growth of 58.3%. For the full year, analysts forecast 33% earnings growth to $26.28 per share, followed by a 23% rise to $32.39 a share in 2026.

Early Monday, Netflix has come of a drop at the open to edge higher.

Meanwhile, Amazon continues to refurbish its flat base after briefly clearing a 236.53 buy point earlier this month. Building on at the end of May, Meta continues to trade right along its 21-day line.

To kick off the new week, Google stock blasted out to yet another record high.

Netflix Stock News And Analysis

Is Netflix Stock A Buy After Ad Sales Success?Netflix stock is still trying to regain favor with investors after the video streamer disappointed with its modest beat-and-raise second-quarter report late last month. On Friday, Netflix stock rose above its 50-day moving average line, though volume was lighter than average, which showed a lack of conviction. The move higher came on news of a... Read More