Hello and welcome back! It’s Tuesday and we are thinking about starting a new segment, Technical Tuesday!
Today for Technical Tuesday, we will check out a stock and talk about them.
I think today’s Technical Tuesday Stock is going to be the current winner of the Streamer Wars, Netflix.
Netflix started out with DVDs and Blu-ray discs that were physically mailed to you and you mailed them back once you’ve watched the movie. During this time, they began to work on their infrastructure, media library, and servers/services, because they made a pivot that changed the game. Streaming!
Almost everyone has at least one streaming platform that they either use or pay for. It’s almost impossible to watch any content without one of these streamers. So why did Netflix win the Streamer War?
Look at everything they offer! They offer multiple tiers of content, including the new Ad-Tier. They offer some of the latest and greatest movies and TV shows, and they’ve started into the Sports category with Live Football, WWE, and a very large boxing event, with more events coming up.
At the time of this writing, a share of Netflix is around $950.02 with a 52 week low of, $542.01 and a 52 week high of, $1,064.50. This stock is closer to the 52 week high than than the 52 week low.
I am not necessarily buying any new shares or fractional shares right now, but I wanted to take a moment and talk about this behemoth of a company.
I used the 2 Unlimited Blu-Ray plan from Netflix when they didn’t offer streaming over the internet. In fact, it feels as if I’ve had some sort of subscription through Netflix for an eternity. I have never minded the price increases, because I know there is so much content and so much more coming down the line. And it’s not just content in general, there are actual great shows and movies that are constantly being updated to the catalogue. Binge worthy shows, water cooler shows. I mean, everyone has heard of Squid Game, right?
Netflix to me is a buy, don’t trade type of stock. I have it in my portfolio and if it were to ever drop into the red again, I will be right there, swooping up shares for a discount.
What about you? What stock are you most proud of today?
Join us tomorrow when we bring up another stock to talk about!
*Reminder, I am not a Financial Advisor and you should always do your due diligence before buying any shares or fractional shares.
Thrifty Investing 
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