The Best Tech Stock to Grab on the Dip

Streaming giant Netflix (NFLX) may have just caught a break…

Over the past month, shares of Netflix have tumbled by more than 36%. This is largely due to the recent technology sell-off sweeping across the market. 

However, Netflix’s earnings report didn’t do the streaming giant any favors, either… 

In the company’s fourth-quarter report, Netflix said its earnings per share were $1.33 compared with the expected $0.83. Meanwhile, its revenue was in line with estimates at $7.71 billion. 

Yet, while these figures weren’t bad on the surface, the streaming firm noted that it added 8.28 million paid subscribers. That was lower than Netflix’s forecast of 8.5 million… as well as the company’s 2020 comparable period. 

Even so, the streaming giant received a much-needed reprieve… sending shares of Netflix up by as much as 8.4% on January 27. 

Bill Ackman, head of the Pershing Square Capital Management hedge fund, disclosed that his firm purchased more than $1 billion worth of the company’s stock. 

That means Ackman’s firm bought 3.1 million shares, making it a top-twenty shareholder in Netflix. 

In a letter, Ackman said that Netflix’s valuation is currently very attractive given its beaten-down share value. And he added that while investors overreacted to the company’s deceleration in subscriber growth, many tailwinds remain.

He argued that, in the long term, Netflix is a stable company with strong recurring revenue. And given the growing popularity of its original content, the company will continue to add new programs to fuel growth in the years ahead. 

Meanwhile, Netflix is the most dominant name in the streaming market. And with more than 222 million subscribers, it has the bandwidth and pricing power to improve its services and their convenience for users.

So, with an ever-growing lineup of original series, a large user base, and a consistent revenue stream, Ackman anticipates Netflix will continue to lead the streaming market. 

And as consumers continue to work remotely – with many analysts anticipating hybrid environments are here to stay – the streaming giant should benefit from elevated levels of user engagement in the years ahead.

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$3.73 EV Stock No One's Talking About

This company is a sneaky EV play that no one’s talking about.

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$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

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The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

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Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

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53-cent Biotech Stock with $2 Price Target

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only 53 cents.

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