Internet stocks like Netflix (NFLX) have been struggling over the last few weeks.  As shown below, the Nasdaq Internet index has fallen sharply from its recent highs, with the one saving grace being that it found support right at the bottom of its uptrend line.  Since that low a couple of weeks ago, the bounce back hasn’t been anything to write home about, and the onus is still on bulls to get it back above its 200-day moving average.

Below is a table of the 40 largest stocks in the Nasdaq Internet Index.  The list is sorted by market cap from largest to smallest, and for each stock, we include its year-to-date change and its change since 8/17 — which was the close prior to the steep correction we’ve seen over the last 3 weeks.  As shown, the four largest stocks in the index have fallen less than 10%, and they’re all still up nicely on the year.  The next three — Baidu (BIDU), Netflix (NFLX) and (JD) — have fallen at least 10%+, with Netflix down 24.48%.  Only QIHU is down more than NFLX since 8/17.  Even after losing a quarter of its value, though, Netflix remains up 93.36% in 2015.


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