Can we expect Netflix buyers?
Netflix has been a fantastic stock to own during the COVID-19 lockdowns. Known as a ‘stay-at-home stock’ its gains have been notable this year. The question now is whether there is one last push for Netflix as we head into February next year. In the last 14 years, Netflix has gained a stunning average return of +26.18% in the time between December 04 and February 28. The largest gain was +117.06% in 2012 and the largest loss was -28.66% in 2015. Not for the faint-hearted, but is there one last push in the stock left?
Trade Risks: The main risk to this trade is if there is selling in the tech stocks as ‘stay-at-home stocks’ get sold on hopes of a return to normality post-COVID-19.