Is Netflix Stock Recession-Proof?

The S&P 500 rose by just over 200% in that time, but shares of Netflix (NASDAQ: NFLX) soared higher by more than 6,000%, making it one of the biggest winners of the decadelong rally. The streaming-video giant now faces the prospect of operating through what could be a bumpy recovery or even a global recession in late 2020 and into 2021. Netflix sells a home entertainment service, putting it in the consumer discretionary niche that (in contrast to staples like groceries and cleaning supplies) often sees revenue slumps during recessions.