NFLX

The SGA U.S. LCG Portfolio returned 6.8% (Gross) and 6.0% (Net) in Q2 compared to the Russell 1000 Growth Index return of 16.7% and the S&P 500 Index return of 15.2%. The largest contributors to performance were Arm Holdings, Alphabet, and Nvidia. The largest detractors from performance were Netflix, Intuit, and Salesforce.

Netflix (NFLX) has been a somewhat complicated story for some time now, with shares unable to find consistent stability. As a current Zacks Rank #4 (Sell), investors have better options available for near-term gains.

So far, 2026 has not been a strong year for Netflix (NASDAQ: NFLX) and, unfortunately for the streaming platform's investors, some Wall Street analysts appear to have relatively little faith in a recovery within the foreseeable future.

Netflix Inc (NASDAQ:NFLX) stock trades near two-year lows with questions on spending and a weak content lineup for the second half of 2026. The stock declines have attracted attention from a former hedge fund manager.

Netflix has "a growing YouTube problem," a Wall Street analyst says. Alphabet's YouTube is taking increasing viewer share.

A Wells Fargo analyst noticed something personal about his own Netflix habits, turned it into a formal downgrade, and put himself against nearly every other analyst covering the stock.

Netflix stock NFLX fell 2% on Tuesday after HSBC downgraded the streaming company, citing growing competition from Alphabet's YouTube and concerns about near-term viewer engagement. HSBC lowered its rating on Netflix to Hold from Buy and cut its price target to $76 from $96.

Netflix Inc. (NASDAQ:NFLX) stock traded higher Tuesday in premarket trading as U.S. stock futures remained steady. Nasdaq futures rose 0.12%, while S&P 500 futures gained 0.05%.

Institutional class of the fund returned 39.25% during the quarter, outperforming the S&P Global 1200 Information Technology Index benchmark, which returned 37.76%. Semiconductors and semiconductor equipment were the primary drivers of relative outperformance during the quarter. Communications and electronic equipment represented modest sources of relative underperformance.

Netflix (NFLX) closed the most recent trading day at $73.36, moving +2.19% from the previous trading session.