Stocks Analysis by MarketBeat.com (Sam Quirke) covering: Alphabet Inc Class A, Amazon.com Inc, Netflix Inc, Meta Platforms Inc. Read MarketBeat.com (Sam Quirke)'s latest article on Investing.com
Strong fundamental performance has underpinned much of the gains.is back at all-time highs. It will be a welcome occasion for investors and long-term fans who've been following it. They'll know more than most that the stock was last in blue sky territory in late 2021 and suffered more than most during the interest rate hikes and all the subsequent volatility through 2022 and 2023.
, regarded as one of the strongest tech stocks in recent years, has"only" managed to return 166% in that time frame, whileTo answer the first question, much of the turnaround has been fuelled by a return to growth beyond what investors were expecting. Take Netflix's most recent earnings report, for example, from last month. They smashed analyst expectations for both earnings and revenue while sharing higher-than-expected forward guidance for the coming quarters.
This was off the back of a quarterly survey the research firm ran on Netflix across the US and Mexico. Their findings supported the thesis that Netflix's fore metrics are stable while its competitive position"remains as strong, or stronger than ever.
It's also worth pointing out that the stock is taking a very obvious breather since tagging the all-time high last week. It didn't close at its high that day, and it had its lowest close since then last night. This suggests that the bulls might not be fully confident that a breakthrough rally will happen right away, and we could be looking at a few days of profit-taking and testing by the bears.
Amazon.Com Inc Netflix Inc Meta Platforms Inc
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