Netflix is outperforming the S&P 500 by nearly 20 percentage points as investors continue to view it as a safe play during ...

Bank of America called Netflix stock a "defensive choice" compared to other tech companies.

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As of April 8, the S&P 500 (SNPINDEX: ^GSPC) is down 18%, the Nasdaq Composite is in a bear market, and investors ... with a business model that makes it recession-resilient.

Netflix shares have outperformed a struggling broader market this year, rising more than 10%. The stock is seen by some analysts as particularly well-positioned to withstand a recession.