![]() He's also written for Esquire magazine's Dubious Achievements Awards. and contributed to Maxim magazine back when lad mags were a thing. Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. If You'd Put $1,000 Into Adobe Stock 20 Years Ago, Here's What You'd Have Todayĭan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.Ī long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance.If You'd Put $1,000 Into Microsoft Stock 20 Years Ago, Here's What You'd Have Today.If You'd Put $1,000 Into Nvidia Stock 20 Years Ago, Here's What You'd Have Today.If You'd Put $1,000 Into Amazon Stock 20 Years Ago, Here's What You'd Have Today.If You'd Put $1,000 Into Apple Stock 20 Years Ago, Here's What You'd Have Today.If You'd Put $1,000 Into IBM Stock 20 Years Ago, Here's What You'd Have Today.If You'd Put $1,000 Into Intel Stock 20 Years Ago, Here's What You'd Have Today.If You'd Put $1,000 Into Disney Stock 20 Years Ago, Here's What You'd Have Today.Unfortunately, it looks like they're going to have to wait quite a bit longer to recover what their brokerage statements said they once had. Patient investors have done exceedingly well sticking by Netflix stock thus far. One analyst rates it at Sell, while one says it's a Strong Sell. Of the 45 analysts issuing opinions on NFLX surveyed by S&P Global Market Intelligence, 24 rate it at Strong Buy, four say Buy and 15 call it a Hold. The Street's consensus recommendation on Netflix stock comes to Buy, but with somewhat mixed conviction. The less good news is that Netflix stock remains far below its all-time high – and it will probably take a good long while to get back to that level. The good news is NFLX stock has clobbered the broader market over the long term, generating an annualized total return of 28% over the past 20 years, vs 10% for the S&P 500. (The broader market's return includes dividends, which Netflix doesn't pay.) For comparison's sake, $1,000 invested in the S&P 500 over the same time frame would theoretically be worth $6,139 today. That's still a terrific return, of course. Check out the above chart and you'll see that if you invested $1,000 in NFLX stock 20 years ago – and did not sell at the peak – today you would be sitting on not quite $120,000. ![]() However, as noted, things have turned south since then. Which brings us to what you would have today if you had invested $1,000 in Netflix stock 20 years ago.įirst things first, however: if you purchased $1,000 worth of NFLX stock in early November 2003 and sold it at its November 2021 peak, you would have grossed nearly $200,000. Note well that NFLX stock still trades about 38% below that level. Indeed, shares hit an all-time closing high of $691.69 back in November 2021. Sluggish subscriber growth and rising costs had long knocked it off its perch. It's also worth recalling that Netflix stock was already in a steep decline at that point. The company shed in excess of $50 billion in market value overnight. Recall that in April 2022, shares plunged after Netflix reported its first loss of subscribers in more than a decade. But it's going to be hard.Īfter all, nothing hurts NFLX stock like losing subscribers. Investors are very much counting on the company to keep a lid on that cash burn going forward. Competition from the likes of Walt Disney ( DIS), Apple ( AAPL), Paramount ( PARA), ( AMZN) and others have forced Netflix to splurge on efforts to acquire, license and produce content over the past several years.Īfter peaking at $17.7 billion in 2021 – a whopping 50% increase vs the previous year – Netflix managed to cut spending on content by about 5% in 2022 to $16.8 billion. As a consequence, Netflix must spend tens of billions of dollars on content to attract and retain viewers. On the downside, Wall Street puts relentless pressure on the company to grow its subscriber base.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |