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Tuesday, September 07, 2021 9:39:01 AM
By: Lucas Downey | September 7, 2021
• So, what’s Big Money? Said simply, that’s when a stock goes up in price alongside chunky volumes. It’s indicative of institutions betting on the shares.
Netflix, Inc. (NFLX) has been gaining steam in 2021, jumping +9%. In two years, shares are up a hefty 104%. And it could be setting up for more highs soon. One likely reason is due to Big Money lifting the stock.
So, what’s Big Money? Said simply, that’s when a stock goes up in price alongside chunky volumes. It’s indicative of institutions betting on the shares.
Smart money managers are always looking for the next hot stock. And Netflix has many fundamental qualities that are attractive.
This sets up well for the stock going forward. But how the stock is trading points to more upside. As I’ll show you, the Big Money has been consistent in the shares for years.
You see, fund managers are always looking to bet on the next outlier stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.
That’s why I’ve learned how critical it is to gauge Big Money demand for shares. To show you what I mean, have a look at all the big money signals NFLX has made the last year.
The last few days have seen Big Money activity, too. Each green bar signals big trading volumes as the stock ramped in price:
Source: www.mapsignals.com
In 2021, the stock has attracted 5 Big Money buy signals. The only sell signal came back in May. Generally speaking, recent green bars could mean more upside is ahead.
Now, let’s check out technical action grabbing my attention:
• 3-month outperformance vs. NASDAQ ETF (+4.9% vs. QQQ)
Outperformance is huge for leading stocks.
Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, Netflix has been growing revenues and earnings rapidly. Take a look:
• 3-year sales growth rate (+28.9%)
• 3-year earnings growth rate (+71.92%)
Source: FactSet
Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.
In fact, Netflix has been a top-rated stock at my research firm, MAPsignals, for years. That means the stock saw buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
NFLX has a lot of qualities that are attracting Big Money. And since it first appeared on this report back on 4/20/2015, it’s up 628%. The blue bars below show the times that Netflix was a top pick:
Source: www.mapsignals.com
It’s been an all-star stock for years according to the MAPsignals process. I wouldn’t be surprised if NFLX makes additional appearances in the years to come. Let’s tie this all together.
Netflix continues to fire on all cylinders technically alongside growing sales and earnings. I like the long-term story of the stock.
The Bottom Line
The Netflix rally could have further to go. Big money buying in the shares is signaling to take notice. Shares could be positioned for further upside. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a growth-oriented portfolio.
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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