What goes up, eventually has to come down. And in the case of Netflix (NFLX) shares, the eventual landing could be a hard one.

Netflix' stock has shot out of the gate this year, exploding to the tune of 43%. The mind-blowing gains add to the impressive 55% surge Netflix investors saw in 2017. By far, shares of the streaming content giant have been the hottest this year among its friends that comprise the FAANG acronym.

  • Facebook (FB) : +4.7%
  • Apple: -0.4%
  • Amazon (AMZN) : +18%
  • Netflix (NFLX) : +43%
  • Alphabet (GOOGL) : +11%

It's pretty easy to see why Wall Street is so ridiculously optimistic on Netflix' future. 

The company flat out nailed its fourth quarter earnings report. Netflix delivered an acceleration in subscriber growth from the third quarter. Profits in international, long a soar point for Netflix, actually existed. CEO Reed Hastings committed to a big-time investment in content as Netflix tries to widen its lead over Amazon (AMZN) , Hulu, Action Alerts Plus holding Apple (AAPL) and soon, Disney (DIS)  with its new streaming service. And finally, there was no clear sign that Netflix couldn't charge even more for its service. 

So much for Ben Graham type fundamental analysis on Netflix.

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