Netflix (NFLX): Benefiting from a bad economy - Steven Halpern

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Netflix (NFLX): Benefiting from a bad economy
Feb 18, 2009 05:35 PM UTC

Steven Halpern

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NFLX		02/18/09	+13.50%	03/18/09

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Filed under: Newsletters, Netflix, Inc. (NFLX), Stocks to Buy, Recession

"Our favorite current investment idea is Netflix (NASDAQ: NFLX)," says Michael Cintolo, editor of The Cabot Top Ten Report, which each week reviews ten issues that have been showing strong price momentum.

"Netflix bolted higher on a great earnings report last week, and impressively, followed through to the upside for a few days. Bad economic times seem to mean good news for Netflix, as an evening at home with a few DVDs is way easier on the budget than even a bargain matinee at the Cineplex.

"That's the message of Netflix' boffo quarterly results that came out on January 26. Earnings walloped analysts' estimates and more than twice the predicted number of new subscribers signed up.

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