Advertisement
Australia markets closed

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • AUD/USD

    0.6412
    -0.0014 (-0.21%)
     

  • OIL

    81.91
    -0.82 (-0.99%)
     

  • GOLD

    2,389.20
    -8.80 (-0.37%)
     

  • Bitcoin AUD

    101,172.01
    +2,840.14 (+2.89%)
     

  • CMC Crypto 200

    1,337.39
    +24.77 (+1.92%)
     

  • AUD/EUR

    0.6018
    -0.0013 (-0.22%)
     

  • AUD/NZD

    1.0891
    +0.0016 (+0.15%)
     

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,825.05
    -52.00 (-0.66%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,696.87
    -140.53 (-0.79%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

Is Netflix Stock Recession-Proof?

Demitri Kalogeropoulos, The Motley Fool
·4-min read
Is Netflix Stock Recession-Proof?

The S&P 500 rose by just over 200% in that time, but shares of Netflix (NASDAQ: NFLX) soared higher by more than 6,000%, making it one of the biggest winners of the decadelong rally. The streaming-video giant now faces the prospect of operating through what could be a bumpy recovery or even a global recession in late 2020 and into 2021. Netflix sells a home entertainment service, putting it in the consumer discretionary niche that (in contrast to staples like groceries and cleaning supplies) often sees revenue slumps during recessions.

Continue reading