This streaming company may have had a terrible 2022, but its fortunes appear to be changing for the better in 2023.
The Nasdaq Composite has surged over 11% so far this month as growth stocks retake center stage. Shopify (NYSE: SHOP), the Vanguard Growth ETF (NYSEMKT: VUG), Nio (NYSE: NIO), Beam Therapeutics (NASDAQ: BEAM), and Roku (NASDAQ: ROKU) have that kind of potential. Here's what makes each company a great buy now, according to five Motley Fool contributors.
If you look at Netflix's (NASDAQ: NFLX) recent stock performance, you'd think the movie streamer's business is booming. Without question, Hastings made Netflix into an industry powerhouse, but this next phase comes at a turbulent time for media companies. Investors need to figure out if this changing of the guard will allow Netflix to return to a growth story -- or are the 30,000% gains since its IPO the best investors can hope for?