Josh Brown Says Netflix (NFLX) is 'The Most Defensible Tech Company' - Explains Why Stock is Resilient

We recently published a list of 10 Stocks Analysts are Talking About Amid Trump’s Tariff War. In this article, we are going to take a look at where Netflix Inc (NASDAQ:NFLX) stands against other stocks analysts are talking about amid Trump’s tariff war.

Markets saw some glimmer of hope as President Donald Trump indicated that he does not plan to fire Federal Reserve Chair Jerome Powell and showed openness to engage in talks with China. However, China has said in a statement that the US should dial back all unilateral duties if it’s serious in negotiations.

Andrew Slimmon, Morgan Stanley Investment Management senior portfolio manager, explained in a recent program on CNBC what made Trump blink:

“I think…April 9th was an important day because on that day Trump came out and said I didn’t like what I saw in the bond market, I didn’t like Jamie Diamon saying there’s a recession coming and he said “So I’m putting a 90-day pause on.” So in my opinion, what he really said is tariffs are important to me but a recession’s worse and so there’s the priority which he basically gave you the indication there is a Trump put out there. I don’t think it’s down 10 15 but it was when the market was almost down 20 right, credit spread started to quake.”

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For this article, we picked 10 stocks Wall Street is talking about these days. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Netflix Inc (NASDAQ:NFLX)

Number of Hedge Fund Investors: 121

Josh Brown, CEO at Ritholtz Wealth Management, said in a latest program on CNBC that he’s buying Netflix Inc (NASDAQ:NFLX) shares because the company has shown resilience in the current bear market.

“It’s been a remarkable name in the tape this year. It’s only 8% below a 52-week high. The median communication stock is 17% below the 52-week high. RSI is still 58. So in a market where almost everything’s got a relative strength right now of like 40s, 50s—nothing special—this stock stands apart from almost everything else. There’s a piece in the Journal that I think everyone should read about the discussion taking place at Netflix’s annual business review meeting. They’re talking about literally doubling revenue by the year 2030, which is only 5 years away, and they’re talking about joining the $1 trillion market cap club. Market cap right now is about 400 billion. I think that this is the most defensible technology company, almost to the point where it’s a—it’s a consumer defensive stock.”

Harding Loevner Global Developed Markets Equity Strategy stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q4 2024 investor letter:

“During the quarter, we benefited from strong stocks within the Communication Services and Consumer Discretionary sectors. Netflix, Inc. (NASDAQ:NFLX) was our top relative contributor; the company provided a favorable outlook for subscriber growth in 2025 and made progress in two key areas, live TV and advertising. The streaming service broadcast its first sporting events, including two National Football League games on Christmas, and said that the ad-supported plan it launched two years ago amassed 70 million subscribers, more than investors expected.”

Overall, NFLX ranks 5th on our list of stocks analysts are talking about amid Trump’s tariff war.. While we acknowledge the potential of NFLX as an investment, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NFLX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.