The stock of one company is up 140% this year, making the company the best performer of 2015 on the S&P 500. The company is Netflix, and its stock has been hot lately.
CNN reports: “Shares have rebounded nearly 20% since Netflix’s earnings ‘disappointed’ investors last month. Netflix finished the third quarter with more than 69 million subscribers. But Wall Street was hoping Netflix would top 70 million.”
The report notes that Netflix is off just 8% from its all-time high. Fueling the recent uptick, the piece notes, is enthusiasm about international expansion.
“Netflix is betting heavily on growth outside of the United States. And that gambit appears to be paying off,” CNN notes. “The Australian Communications and Media Authority said in a report this week that Netflix had 2.5 million subscribers in Australia as of the end of June. Pretty impressive considering that Netflix just launched in The Land Down Under in March.”