Netflix (NFLX -0.67%) stock has recently blown past $1,200 per share, making it hard to believe that shares traded at levels below $200 as recently as May of 2022. And the stock's momentum is strong this year, too.
The three stocks are all looking a bit noisy on Friday, as the markets continue to fight the overall noise. At this point in time, the market looks positive in general, but not all stocks here are the same.
Streaming giant Netflix (NFLX) has built a 3.5% lead this week alone, thanks to price-target hikes from UBS to $1,450 on Wednesday, and from Jefferies to $1,400 on Tuesday. Out of the gate on Thursday, the shares hit a record high of $1,262.81, bringing its year-to-date tally up to 40%.
Earnings season has come and gone, and many prominent companies surprised analysts with impressive Q1 earnings strength. Despite unpredictable tariffs, a weakening dollar, and ISM survey comments that suggest Armageddon is imminent, the S&P 500 continues to chug along toward its February all-time high.
Buying growth stocks that you intend to hold forever is a smart strategy. It forces you to think about companies that will still be around in 50 years.
Netflix continues to add more live content for viewers hungry for real-time entertainment, including the Tyson vs. Paul boxing match, National Football League games and, most recently, the "Tudum" live fan event that showcased upcoming TV shows.
CNBC's Jim Cramer suggested it's helpful to consider stocks sitting at new 52-week highs to better understand market trends and themes. He picked out several companies that have recently made the "new high" list which he thinks are indicative of the mood on Wall Street.
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