Netflix (NFLX) is up big yet again following its Q4 2017 earnings release last night after the close. Prior to its earnings report yesterday, we sent the table below to Bespoke Institutional subscribers who have access to our indispensable Earnings Screener tool. As shown in the table, Netflix (NFLX) had gapped up following 14 of its 15 January earnings reports since it IPOd! That’s an incredible trend, and it held yet again this time around. Following today’s gap up of over 10% for NFLX, it has now gapped up following 15 of its last 16 January earnings reports. If you have not yet tried out our Earnings Screener, you should really do so now! The Screener allows you to easily filter through more than 150,000 quarterly earnings reports for more than 5,000 stocks going back 15 years. Sign up for a 14-day free trial to Bespoke Institutional to gain access.
With Netflix’s (NFLX) move higher today, its market cap has pushed above the $100 billion mark. That’s a big deal because it joins an exclusive club of 60 other companies that have a market cap of more than $100 billion. Below is a look at these $100 billion companies sorted from largest to smallest. Today alone, Netflix’s market cap surpassed companies like United Tech (UTX), Broadcom (AVGO), Morgan Stanley (MS), Goldman Sachs (GS), and Caterpillar (CAT).
While the $100 Billion Club is an exclusive list of just 61 companies, we wondered how big the list was back in early 2009 at the lows of the Financial Crisis. The answer? Back then, just nine companies were part of the $100 Billion Club at the Financial Crisis lows, and Exxon Mobil (XOM) was the largest at just $319 billion! It’s truly astounding how far we’ve come since those dark days nine years ago.
Apple (AAPL) — now the largest company in the world — is nearly 3x as large as XOM was back then. In fact, the combined market caps of Apple and Alphabet now (roughly $1.7 trillion) is larger than the combined markets caps of the 13 largest companies at the lows in 2009. There are now 27 companies that are larger than the 2nd largest company (WMT) was in 2009. We could go on and on with similar stats, but you get the point!