2024 was every other huge year for investors. The S&P 500 and Nasdaq Composite won 24% and 30%, respectively, thanks in a well-organized part to tailwinds fueled by human intelligence (AI), blockbuster weight loss treatments, and even some user resistance given the step-by-step improvement in macroeconomic description.
One company that has quietly hit a milestone in 2024 is a streaming platform Netflix (NASDAQ: NFLX)which got 85% and is currently approaching an all-time buy-sell high.
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I’m going to break down why 2024 was a breakout year for Netflix. Of particular importance, I’ll detail why investors should keep their stock search data in check as January 6th quickly approaches.
2024 was a year of transformation for Netflix
Netflix is most effectively recognized for its mountain library of notification material – which includes all models from comedies and horrors to cartoons and anime and some more. Over the past few years, Netflix has invested significant capital into its own creative content, including deals with Hollywood’s top stars and creating new TV series and movies that might be strange to the Netflix platform.
For a while, that plan helped Netflix set itself apart from other streaming platforms, while also giving the company new ways to attract viewers who might otherwise have grown weary of watching reruns of stale, syndicated material for notices.
Once again, producing designed notice material is an easy plan to use. The different streaming providers it offers Amazon, Apple, The highestand Disney to have adopted dress. As a result, Netflix faced the daunting task of differentiating itself from other streamers while declaring an acceptable level of customer acquisition costs.
Over the past year, Netflix has impulsively moved into its next big category: Wearables. To be aesthetic, Amazon and Apple also offer some levels of residential sports with the NFL and Major League Baseball. Again, Netflix’s system is a bit of a mixed bag, and below I’ll reliably describe how successful this campaign has been so far.
Here’s how opportunities to stay on the platform work
In 2024, Netflix’s two high-profile streaming events included a boxing match between YouTube well-known personality Jake Paul and boxing legend Mike Tyson, and streaming NFL games on Christmas Day.
According to records compiled by TVision, the match between Paul and Tyson was the most televised match in history, reaching an estimated 108 million regular viewers worldwide. Nielsen estimated that each NFL Christmas game averaged 24 million viewers, making them the two most-televised games in NFL history.
While Netflix’s ability to pass on opportunities is limited, early results suggest the company’s streaming ambitions are paying off. On Jan. 6, Netflix will unveil its latest challenge in non-stop entertainment — this time featuring wrestling announcement material from WWE Raw.
Stock instructions: Getty Photos.
Are Netflix shares acquired before January 6?
The fight between Jake Paul and Mike Tyson went ahead on Friday, November 15, 2024. As the chart below shows, Netflix shares jumped as much as 14% after the fight, taking a 10% victory in December. 30.
NFLX records YCharts.
Oddly enough, in the days leading up to the NFL’s Christmas games, Netflix’s stock had a fleeting pop. As I write this, Netflix shares are down about 3% after the games.
Based on these two aspects of the records, I believe it or not, it is aesthetic to express that Netflix stock has seen a distinct momentum around its holding instances. I usually discourage investing in startup stocks because of their atypical level of volatility.
For me, finding Netflix stock before January 6th isn’t that important anymore. The more important belief here is that Netflix’s dwell times have such a certain distance set by the document setting. While there’s no guarantee that the WWE Raw campaign will take the same direction as the Paul-Tyson match or the NFL games, I think there’s a decent chance that wrestling could just maybe become a second wind for Netflix.
I feel like residency opportunities are becoming a limitless opportunity for Netflix, and I’m excited about the company’s ability to make more sports and entertainment partnerships as part of its long slide.
Maybe invest $1000 in a trusted Netflix without worry?
Before you buy Netflix stock, specialize in:
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John Mackey, the historic CEO of Entire Foods Market, an Amazon subsidiary, is a board member of The Motley Idiot. Adam Spatacco holds positions at Amazon and Apple. Motley Idiot has positions and recommends Amazon, Apple, Netflix and Walt Disney. Motley Idiot has a disclosure policy.
The views and opinions expressed herein are those of the creator and are no longer necessarily endorsed by Nasdaq, Inc.
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