Billionaire Louis Bacon’s Top 10 Long-Term Stock Picks

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8. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 121

Moore Global Investments’ Stake: $19.3 million

Netflix, Inc. (NASDAQ:NFLX) is a provider of entertainment services, offering TV shows and movies such as original series, documentaries, animated movies, and much more. There are several key elements that position this company as an exceptional choice for investors. Firstly, as per the report of the third quarter of 2024, the operating income increased 52% year over year to $2.9 billion, while the operating margin of 30% improved seven percentage points vs. the year-ago quarter. This was above the guidance forecast due to slightly higher revenue and the timing of spending. Also, the revenue grew 15% year over year, and the operating margin was 30% vs. 22% last year.

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