I had trouble deciding between several companies this month, but ultimately I chose Netflix (NFLX). I’ve been a happy customer of Netflix since the early days around 2007, back when Blockbuster was still a competitor. Since then, Netflix has shown that it can adapt with the times and compete with challengers to the space.
One might argue that Netflix has risen over 50% over the past year and it’s not a good time to buy, but the company has recently sank about 20% over the past three months, and is trading at largely the same price it was trading at five years ago.
I believe that Netflix will continue to dominate the world in the movie industry, so I placed a $1K bet on Netflix. As with all my stock picks, I’ll hold the stock long-term and reassess the investment in five years.