Up 70% This Year, Is Netflix Stock Worth The Risk?
From Nasdaq: 2024-11-18 00:11:55
Netflix stock has surged 72% in 2024, trading at nearly $840 per share thanks to crackdowns on password sharing and ad-supported streaming options. With strong subscriber growth resulting in 283 million users, Netflix faces potential slowdowns in growth due to restrictions and increased competition. Analysts value the stock at $613 per share. 1. The stock market saw a significant increase today, with the S&P 500 reaching a new record high of 4,500 points. This surge was attributed to positive economic data and strong corporate earnings reports.
2. The United Nations reported that global carbon dioxide emissions have reached a new all-time high, with a 2.4% increase in 2021 compared to the previous year. This alarming trend highlights the urgent need for countries to take action to combat climate change.
3. In sports news, the Los Angeles Lakers have announced the signing of veteran point guard Rajon Rondo to a one-year contract. Rondo, a two-time NBA champion, is expected to provide valuable experience and leadership to the team’s roster.
4. A new study published in a leading medical journal found that the Pfizer-BioNTech COVID-19 vaccine is highly effective in preventing severe illness and hospitalization caused by the Delta variant. The study also emphasized the importance of vaccination in controlling the spread of the virus.
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