Netflix (NASDAQ: NFLX) and Ulta Beauty (NASDAQ: ULTA) have crushed the market over the last six months following strong earnings reports. Ulta hit a fresh all-time high recently, and Netflix is up well over 100% from its 52-week low. But both companies benefit from key advantages that should make even these rapid climbs look insignificant in another 10 years.
Here's why investors should consider these growth stocks today.
After a rough start to 2022, when subscriber totals took a surprise turn in the wrong direction, Netflix bounced back by returning to subscriber growth in the third and fourth quarters. The stock is up sharply off its lows, but this could be the start of a new chapter of growth for the leading streaming service.
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2 Soaring Stocks to Buy in 2023