Netflix Stock (NFLX)

Netflix Inc. (NFLX) was a top stock pick based on predictive algorithm. NFLX had a signal of 18.64 and a predictability of 0.14. In accordance with the algorithm, the company reported short-term capital gains of 21.16%

Netflix Inc. is an American multinational entertainment company founded on August 29, 1997, in Scotts Valley, California, by Reed Hastings and Marc Randolph. It specializes in and provides streaming media and video on demand online and DVD by mail. In 2013, Netflix added film and television production, as well as online distribution. The company is currently headquartered in Los Gatos, California.

Netflix has surpassed predictions in their third quarter earnings. Their member base increased 70,000 more than they had expected just in the United States and 1.2 million internationally. The increase in membership is because of the new Netflix originals Luke Cage, Stranger Things, The Get Down, and the release of the second season of Narcos. These shows had directly correlated with the sudden increase in Netflix’s share price and will help continue to propel as long as Netflix continues to create original content.

This bullish forecast on NFLX was sent to current I Know First subscribers on October 12th, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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