Netflix stock deserves place in Magnificent Seven, Barron’s says

Netflix (NFLX) is the forgotten tech giant – but its upcoming earnings report should help investors remember why they loved the stock in the first place, Paul R. La Monica writes in this week’s edition of Barron’s. The streaming-media leader was once part of the Nasdaq’s FAANG club, an acronym traders used to describe Facebook parent Meta Platforms (META), Amazon.com (AMZN), Apple (AAPL), Netflix, and Google owner Alphabet (GOOGL). But FAANG has since been replaced by the Magnificent Seven, a group that includes the four largest FAANGs, as well as Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA)…and excludes Netflix. But with Netflix set to report its first-quarter earnings on April 18, investors shouldn’t sleep on the stock, the author says.