The Story that Matters About Netflix Stock

Even among boom-fueled tech stocks, Netflix is having a remarkable run. While Google and Facebook have risen 10 and 15 percent respectively since the start of the year, and Amazon is up 48 percent, as of Wednesday, Netflix has doubled in price.

If you are looking to understand why, look less to financials and instead towards momentum—a lesson anyone thinking of investing in Netflix or doing business with the company should remember.