ETFs Last Week: Thematic ETFs Gleamed Against Market Gloom
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 21 2025
0mins
Source: Benzinga
ETF Performance Amid Market Uncertainty: Several thematic and leveraged ETFs, including T-Rex 2X Long DJT Daily Target ETF and Defiance Daily Target 2X Long LLY ETF, posted significant gains last week despite broader market losses driven by geopolitical tensions and macroeconomic concerns.
Market Reactions and Economic Outlook: The technology sector faced declines, particularly Nvidia due to export restrictions, while gold prices surged to an all-time high as investors sought safety amidst uncertainty; mixed earnings reports further complicated the economic landscape.
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Analyst Views on NFLX
Wall Street analysts forecast NFLX stock price to rise
38 Analyst Rating
27 Buy
10 Hold
1 Sell
Moderate Buy
Current: 89.300
Low
92.00
Averages
114.18
High
150.00
Current: 89.300
Low
92.00
Averages
114.18
High
150.00
About NFLX
Netflix, Inc. is a provider of entertainment services. The Company acquires, licenses and produces content, including original programming. It provides paid memberships in over 190 countries offering television (TV) series, films and games across a variety of genres and languages. It allows members to play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time. The Company offers members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, TV set-top boxes and mobile devices. It is engaged in scaling its streaming service, such as introducing games and advertising on its service, as well as offering live programming. It is developing technology and utilizing third-party cloud computing, technology and other services. The Company is also engaged in scaling its own studio operations to produce original content.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Market Insights and Reflections from the Investing Club
- Apple's Record High: Apple's stock closed at nearly $309 last Friday, marking a year-to-date increase of approximately 13.5%, which not only reflects its strong market performance but also indicates investor confidence in its future growth, despite concerns over CEO Tim Cook's impending retirement.
- Nvidia's Challenges: Despite Nvidia's impressive recent earnings report, its stock price has noticeably declined, indicating that even strong performance cannot shield it from short-term market fluctuations, suggesting a need to reassess its capital allocation strategy to regain investor confidence.
- Nike's Survival Opportunity: Nike has been granted a chance to hold on after its last earnings call, facing pressure but still having the potential to restore investor confidence through improved performance, indicating a cautiously optimistic market outlook for its future.
- Importance of Capital Returns: Analysts emphasize that Nvidia must adopt a more aggressive capital return strategy, including increasing dividends and stock buybacks, to bolster shareholder trust and enhance stock prices, a strategy validated by Apple's successful experience.
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- E-commerce Imitator's Potential: Coupang's revenue has nearly tripled since going public, reaching $35 billion, and despite a recent slowdown to 8% growth due to a data leak, it is expected to rebound to double-digit growth by 2026, with a current market cap of just $28 billion making it attractive for investors.
- Digital Banking Surge: Nu Holdings boasts 135 million active customers across Brazil, Mexico, and Colombia, generating $16 billion in revenue over the past year, with a record monthly revenue per active customer of $15.90, indicating significant potential for scaling up revenue and profits through product expansion.
- Long-term Investment Appeal: All three companies exhibit strong growth potential, with Remitly and Nu Holdings expected to achieve double-digit growth, and Coupang's undervaluation making them compelling long-term investment choices for the next 20 years.
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- Business Expansion Potential: Although Remitly's total remittance volume over the past 12 months is less than $100 billion, the introduction of new services like digital wallets and business transactions is expected to enable double-digit growth for many years, making it an ideal candidate for a long-term investment portfolio.
- Coupang's Market Opportunity: Coupang's stock has dropped 70% from its all-time highs to $15.50 per share, and despite only an 8% revenue growth last quarter, it is projected to return to double-digit growth by 2026, highlighting its long-term potential in the South Korean e-commerce market.
- Nu Bank's Customer Base: Nu Bank boasts 135 million active customers across Brazil, Mexico, and Colombia, with $16 billion in revenue over the past 12 months, and a record monthly revenue per active customer of $15.90, indicating significant expansion potential and future profitability in the digital banking sector.
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SpaceX Targets $1.75 Trillion Valuation for Upcoming IPO
- IPO Valuation Target: SpaceX is aiming for a staggering $1.75 trillion valuation upon its Nasdaq debut, positioning itself as one of the most valuable companies in the market and likely attracting significant investor interest.
- Diverse Revenue Streams: According to the latest S1 filing, SpaceX's 'Space' and 'Connectivity' segments generated over $4 billion in revenue in 2025, showcasing its strong market position in rocket launches and satellite internet services.
- Industry Classification Challenges: Given SpaceX's involvement in multiple sectors, MSCI and S&P face complexities in determining its final industry classification, which could place it in either the Communication Services or Industrials sector, impacting its appeal to investors.
- Future Growth Potential: Musk indicated that future AI computing will rely on solar-powered satellites in space, and SpaceX's innovative approach to data centers could enable it to achieve lower operational costs over time, thereby securing a more advantageous position in the market.
See More
Roku's User Growth Fuels Advertising Revenue Surge
- User Account Growth: Roku has surpassed 100 million user accounts, driving advertising revenue growth, with total revenue increasing by 22% year-over-year despite a 16% decline in device sales, showcasing the success of its business transformation.
- Accelerated Advertising Revenue: Roku's expanded partnership with Google's DV360 ad-buying platform has boosted platform revenue by 28% year-over-year to over $1.1 billion, indicating strong demand in the advertising market during major sporting events.
- Strong Subscription Revenue: Roku's subscription revenue surged 30% year-over-year to $519 million, highlighting increased user stickiness and reinforcing its position as a TV operating system for households.
- Long-Term Growth Potential: Despite cyclical fluctuations in the advertising market, Roku's continued growth in users, advertising, and subscriptions suggests significant upside potential, making it an attractive option for investors.
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JPMorgan Reiterates Overweight Rating on Netflix
- Advertising Strategy Progress: On May 14, JPMorgan reiterated its Overweight rating on Netflix with a price target of $118, indicating a positive outlook on the company's content strategy, market reach, and improving advertising technology, showcasing progress in building a scaled advertising strategy.
- Global TV Vision: Analysts noted that Netflix's upfront announcements reflect its potential transition to becoming 'Global TV', further boosting investor confidence in its future growth, especially as advertising revenue becomes increasingly significant.
- Legal Action Risks: On May 11, Texas Attorney General filed a lawsuit against Netflix, accusing the company of spying on children and other consumers through non-consensual data collection, although a Netflix spokesperson stated that the lawsuit 'lacks merit', this issue could impact the company's reputation.
- Market Competition Analysis: While Netflix is viewed as a potential investment, analysts pointed out that certain AI stocks may offer greater upside potential and lower downside risk, reflecting a diversification in market focus and investment strategies.
See More
Market Insights and Reflections from the Investing Club
- Apple's Record High: Apple's stock closed at nearly $309 last Friday, marking a year-to-date increase of approximately 13.5%, which not only reflects its strong market performance but also indicates investor confidence in its future growth, despite concerns over CEO Tim Cook's impending retirement.
- Nvidia's Challenges: Despite Nvidia's impressive recent earnings report, its stock price has noticeably declined, indicating that even strong performance cannot shield it from short-term market fluctuations, suggesting a need to reassess its capital allocation strategy to regain investor confidence.
- Nike's Survival Opportunity: Nike has been granted a chance to hold on after its last earnings call, facing pressure but still having the potential to restore investor confidence through improved performance, indicating a cautiously optimistic market outlook for its future.
- Importance of Capital Returns: Analysts emphasize that Nvidia must adopt a more aggressive capital return strategy, including increasing dividends and stock buybacks, to bolster shareholder trust and enhance stock prices, a strategy validated by Apple's successful experience.
See More
Three Growth Stocks to Buy and Hold for 20 Years
- Remittance Disruptor: Remitly Global's send volume surged 37% year-over-year to $22.1 billion last quarter, driving a 25% revenue increase, showcasing its strong customer acquisition in the U.S. and plans for international expansion into the Middle East, positioning it for double-digit growth ahead.
- E-commerce Imitator's Potential: Coupang's revenue has nearly tripled since going public, reaching $35 billion, and despite a recent slowdown to 8% growth due to a data leak, it is expected to rebound to double-digit growth by 2026, with a current market cap of just $28 billion making it attractive for investors.
- Digital Banking Surge: Nu Holdings boasts 135 million active customers across Brazil, Mexico, and Colombia, generating $16 billion in revenue over the past year, with a record monthly revenue per active customer of $15.90, indicating significant potential for scaling up revenue and profits through product expansion.
- Long-term Investment Appeal: All three companies exhibit strong growth potential, with Remitly and Nu Holdings expected to achieve double-digit growth, and Coupang's undervaluation making them compelling long-term investment choices for the next 20 years.
See More
Remitly Expands Rapidly in Global Remittance Market
- Remittance Market Growth: Remitly stands out in the global remittance market with a 37% year-over-year increase in send volume to $22.1 billion last year, driving a 25% revenue growth, showcasing its strong customer acquisition capabilities in the U.S. and plans for international expansion into regions like the Middle East.
- Business Expansion Potential: Although Remitly's total remittance volume over the past 12 months is less than $100 billion, the introduction of new services like digital wallets and business transactions is expected to enable double-digit growth for many years, making it an ideal candidate for a long-term investment portfolio.
- Coupang's Market Opportunity: Coupang's stock has dropped 70% from its all-time highs to $15.50 per share, and despite only an 8% revenue growth last quarter, it is projected to return to double-digit growth by 2026, highlighting its long-term potential in the South Korean e-commerce market.
- Nu Bank's Customer Base: Nu Bank boasts 135 million active customers across Brazil, Mexico, and Colombia, with $16 billion in revenue over the past 12 months, and a record monthly revenue per active customer of $15.90, indicating significant expansion potential and future profitability in the digital banking sector.
See More
SpaceX Targets $1.75 Trillion Valuation for Upcoming IPO
- IPO Valuation Target: SpaceX is aiming for a staggering $1.75 trillion valuation upon its Nasdaq debut, positioning itself as one of the most valuable companies in the market and likely attracting significant investor interest.
- Diverse Revenue Streams: According to the latest S1 filing, SpaceX's 'Space' and 'Connectivity' segments generated over $4 billion in revenue in 2025, showcasing its strong market position in rocket launches and satellite internet services.
- Industry Classification Challenges: Given SpaceX's involvement in multiple sectors, MSCI and S&P face complexities in determining its final industry classification, which could place it in either the Communication Services or Industrials sector, impacting its appeal to investors.
- Future Growth Potential: Musk indicated that future AI computing will rely on solar-powered satellites in space, and SpaceX's innovative approach to data centers could enable it to achieve lower operational costs over time, thereby securing a more advantageous position in the market.
See More
Roku's User Growth Fuels Advertising Revenue Surge
- User Account Growth: Roku has surpassed 100 million user accounts, driving advertising revenue growth, with total revenue increasing by 22% year-over-year despite a 16% decline in device sales, showcasing the success of its business transformation.
- Accelerated Advertising Revenue: Roku's expanded partnership with Google's DV360 ad-buying platform has boosted platform revenue by 28% year-over-year to over $1.1 billion, indicating strong demand in the advertising market during major sporting events.
- Strong Subscription Revenue: Roku's subscription revenue surged 30% year-over-year to $519 million, highlighting increased user stickiness and reinforcing its position as a TV operating system for households.
- Long-Term Growth Potential: Despite cyclical fluctuations in the advertising market, Roku's continued growth in users, advertising, and subscriptions suggests significant upside potential, making it an attractive option for investors.
See More
JPMorgan Reiterates Overweight Rating on Netflix
- Advertising Strategy Progress: On May 14, JPMorgan reiterated its Overweight rating on Netflix with a price target of $118, indicating a positive outlook on the company's content strategy, market reach, and improving advertising technology, showcasing progress in building a scaled advertising strategy.
- Global TV Vision: Analysts noted that Netflix's upfront announcements reflect its potential transition to becoming 'Global TV', further boosting investor confidence in its future growth, especially as advertising revenue becomes increasingly significant.
- Legal Action Risks: On May 11, Texas Attorney General filed a lawsuit against Netflix, accusing the company of spying on children and other consumers through non-consensual data collection, although a Netflix spokesperson stated that the lawsuit 'lacks merit', this issue could impact the company's reputation.
- Market Competition Analysis: While Netflix is viewed as a potential investment, analysts pointed out that certain AI stocks may offer greater upside potential and lower downside risk, reflecting a diversification in market focus and investment strategies.
See More
