Is Netflix Stock Recession-Proof?
The U.S. economy officially entered a recession in February that ended the expansion that started in mid-2009. That 128-month period marked the longest continuous growth streak on record. 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. Just how well positioned is it for a selling environment characterized by weak consumer spending and falling incomes?
Let's take a closer look.
Source Fool.com
