Top Stock Picks for Week of February 3, 2025

Zacks
04 Feb

Netflix (NFLX) is considered a pioneer in the streaming space.Netflix’s fourth-quarter 2024 results benefited from its growing subscriber base, thanks to a robust localized and foreign-language content portfolio and healthy engagement levels with about two hours of viewing per member per day, indicating strong member retention. Netflix’s efforts to attract viewers through investing in more regional programming have added significantly to its user base. The launch of first-party ad tech platform in Canada and ones in the remaining ad countries in 2025 signals Netflix's commitment to maximizing this new revenue stream, with ad revenues expected to roughly double year-over-year. Raised revenue guidance for 2025 between $43.5-$44.5 billion reflects improved business fundamentals. Shares have outperformed the industry in the past year. Netflix is one of the stocks most watched by Zacks.com visitors lately.

Grid Dynamics International Inc. (GDYN) engages in architecting and delivering digital transformation programs principally in the retail, technology and financial sectors.Recently 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost GDYN's consensus estimate, Looking at the next fiscal year, 3 estimates have moved upwards while there have been 1 downward revision in the same time period. Over the past quarter, shares of Grid Dynamics have risen 49.33%, and are up 53.91% in the last year. Investors should also pay attention to GDYN's average 20-day trading volume. Grid Dynamics currently has a Zacks Rank of #1 (Strong Buy).

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