I Know First Review: Netflix May 14, 2017

I Know First Review

On May 14, 2017, our weekly newsletter was sent out to all I Know First subscribers, which can be found here. In this I Know First Review, we look back on the newsletter’s highlight of an article summary and performance of Amazon stock since our forecast on September 15, 2016.

Netflix has been achieving new 52 week highs. The company’s ambitious expansion to the international market along with favorable consumer demand, helped the company achieve attractive growth rates. During the same time, I Know First’s self-learning algorithm had forecasted a bullish prediction on NFLX shares on September 15, 2016. In accordance with the algorithm’s predictions, NFLX shares have risen by 65.77% to date.

Although Netlfix’s cost increased significantly, as we can see the stock has increased considerably. Netflix invested heavily to expand into the international market. The international market has a higher growth rate than the domestic market. Among the countries Netflix has expanded is Australia. Since then, Netflix has achieved in a span of one year over 20% of the market.  This leaves the company with a lot more future Netflix subscribers to be added.  The signed deal with Liberty Global also brought in more subscribers in the European market.  As more consumer continue to cut its cord with cable tv, Netflix stands to gain.