Hold NFLX by May 4, 2026.

**Disclaimer: This is a shortened version of a longer thesis. I hold no position.** I’ve spent the last week tearing apart the operational data for Netflix’s latest guidance. If you were shorting this stock based on the Death of Streaming narrative from 2022, you can officially burn that thesis. The Empire has struck back. They have executed one of the most impressive corporate pivots of the decade, effectively transitioning from a cash-burning startup to the single most dominant utility in …