Netflix stock has been nearly unscathed by Trump tariffs. Some think it could be Silicon Valley’s version of Johnson & Johnson

• Consumer’s main stocks tend to perform well With the fall of customers, as customers continue to buy basic materials. Whereas Netflix It could see the numbers of his subscribers in the fall, some bulls that flow service can be one of the last things when they are ready to give up.

President Donald Trump’s chaotic tariff open has been destroyed Stock ExchangeBut the investor Netflix may not notice. Benchmark S & P 500 has fallen more than 10% this year, Netflix Shares: During that time, they rose more than 8%, even after the shares presented its interests when the broader market entered free decline at the beginning of this month.

An obvious reason, the shares have passed well. Tariffs: Does not directly affect the streaming service directly. And while subscribing can be disappointed during the decline, the company’s dominance in the infamous competitive industry has some analysts that can be the version of Netflix’s Silicon Valley. Johnson & Johnson-A Consumer staple It can perform well when his customer wallets become much lighter.

Or, as Edward Jones Senior analyst Dave Heger put it on it, Netflix can hold space cable television, which is held until before coming Larry cuttingBefore consumers, consumers can reduce restaurants, cinemas or concerts when times are tough, he says they tend to watch TV.

“I think Netflix can have that, that stability is in a fall,” he said.

As a recession Fears on Wilar street, the management of Netflix is ​​still definition Long-term long-term goals. The company aims to double its market capitalization to $ 2030 to $ 2030. Wall Street Journal Gives: Monday and join a club that currently occupies only eight companies in the world. To achieve there, Netflix thinks it can double its income and triple its operating income in five years.

They are high goals, Heger said. Still, the shareholders have been abundantly rewarded for the company’s bets, the cost of their reserves in the last decade increases by about 30% in the last decade.

“You can’t really underestimate them if you look at how disturbing they invade in the industry,” said Spiger about Netflix management. “

Tariff uncertainty made its sign in earnings season Many companies by pulling or significantly lowering their nomination. United Airlines Even offered Two different collections of the rest of the year, depending on whether the US economy or weakens, but remain stable or entirely enters to decline.

However, if Netflix can establish or enhance its leadership on Thursday, it can discriminate not only tariffs, but also a relatively high interest rate manager, said Brian Malam. He made a comparison with Johnson & Johnson.

“This is the main moment for the management team to show the strength,” he said.

Can a commercial war help netflix?

Heger said he would not necessarily surprise if the management decides to strike on a cautious tone, but the tariffs are probably for Netflix for many other areas. As for online advertising Contricolative aeration of MetaIt looks like Netflix’s income flows now need to be unpresolitious.

Something that could change if countries, particularly in the European Union, raise taxes Digital Services: Heger said against US tariffs. While America is a purely exporter of this category, the charges have been targeted by Top IRE since its first term.

However, Netflix can indirectly contribute to the obvious flight from the USA The dollar is weakeningSaid the spell. Before the tariff, the dollar weighed the revenue from abroad before the tariff revenue, where the company finds most of its new subscribers.

Meanwhile, Netflix’s foreign language programming force is the main reason for the “pretty good recipe” to continue the growth of income in economic slowdown, Mulberry reports. This is what happened during the initial economic shock at the beginning of the 19th epidemic of Sovim, and he added, although people confessed at home.

“Are consumers still paying their subscriptions and watching their shows?” Said the shower. “It will be, I think the most important question we don’t have a response.”

Buller believes that Netflix is ​​one of the last things that consumers will be ready to give up.

This story was originally shown Fortune.com