Larry Ramer
1 min read
In This Article:
Well-known investor Steve Weiss noted on CNBC on Friday that he had bought more shares of Netflix, Inc. (NFLX) stock. Weiss, who is bearish on the longer-term outlook of the U.S. economy, expects NFLX to "do well in a recession."
Weiss, the Chief Investment Officer and Managing Partner of Short Hills Capital Partners, reported that Netflix, Inc. (NFLX) is his "largest position by a wide margin."
Why Weiss Expects NFLX to Perform Well
NFLX will face less competition during a recession because a number of the other streaming services that are in business now will fail during the downturn, the investor predicted.
Additionally, Netflix, Inc. (NFLX) has "the most content" in the space, and the firm "can raise prices every six months" without negatively impacting its demand, according to Weiss.
Moreover, the company can take multiple steps to improve its offerings, the investor said, noting that it has begun to stream sporting events.
The Recent Price Action of Netflix, Inc. (NFLX) Stock
In the last month, the shares have advanced 19%, while they have gained 8% in the last three months.
While we acknowledge the potential of NFLX, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NFLX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
