Not only does IQIYI (yeah, let’s just call it by it’s ticker, IQ from now on), model itself after Netflix, it also licenses it’s content from the FANG behemoth. Debuting on Nasdaq on March 29th, the stock immediately dropped from $18 to $15.56 before quickly steadying itself and eclipsing it’s IPO price on April 10th. It has since moved up to above $19.
If you’re excited about Netflix’s upcoming earnings report and what it means for high-quality original content production and streaming, than you should consider adding $IQ to your portfolio — while it’s still taking baby steps as a public company. At 126 million daily active users at the end of 2017, this high-growth stock has a long runway ahead of it.
Discaimer: We’ve recently added $IQ to our Next Million “Long” Portfolio and plan to add more over time.