The best stock performing in the S&P 500 in the last decade is one that may not come as a shock to many.
Netflix, the streaming giant, has been the best performer in the last decade among other companies currently in the index.
It was in 2010 that Netflix joined the index where it replaced the NY times.
In recent years the company has seen an explosion in subscriber growth. At the beginning of the 2010’s, the company had over 12 million subscribers who paid $9 a month. The company then had a value of around a few billion dollars.
A $1 million bet on Netflix’s stock placed on Jan. 1, 2010, would be worth close to $43 million today as the stock has seen a 4,181% return, as of this past Friday’s close.
Netflix today now has a market cap of close to $148 billion, making it one of the 40 most valuable U.S. companies in the world.
Disclaimer: We have no position in Netflix Inc. (NASDAQ: NFLX) and have not been compensated for this article.