NFLX - You Don't Have to Pick a Winner in Streaming Services. Here's Why.
2023-09-24 07:30:00 ET
Putting money into the stock market can seem complicated at first, but a good strategy is to follow broad secular shifts happening across the economy. One of the most powerful consumer shifts in the past decade has been the rise of streaming entertainment. There are several companies all aiming to position themselves for lasting success in this fast-growing industry.
Investors can relax, though, because they don't necessarily have to pick a single winner in streaming services. Here's why that's the case.
When thinking about streaming stocks, Netflix (NASDAQ: NFLX) is probably the first one that comes to mind. And there's good reason for this as the company essentially spearheaded the industry with the launch of its streaming service in the U.S. in 2007. At the time, this was a bold move, and it has paid off.
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You Don't Have to Pick a Winner in Streaming Services. Here's Why.