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Newsweek
13 hours ago
- Entertainment
- Newsweek
Magic Johnson Joins Superstar Debate During NBA Finals
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The NBA Finals are underway, and so far, the Indiana Pacers are in the driver's seat. The Pacers took a 2-1 series lead over the Oklahoma City Thunder in Game 3 on Wednesday. The Pacers are now two games away from capturing their first-ever NBA title in franchise history. Game 3 was another doozy, as both teams went back and forth, but ultimately, it was the Pacers, led by their star point guard Tyrese Haliburton, who came out on top. Haliburton has been the topic of conversation for the entire playoffs. The question regarding Haliburton is whether he is a superstar or not. So far in the playoffs, he is playing incredibly, leading the Pacers to their second-ever Finals appearance. While he is showcasing that he is, many are still debating the topic. Many pundits and experts are making their case for whether he is or isn't. NBA legend and Hall of Famer Magic Johnson weighed in on the topic, but not specifically on Haliburton, instead on what it means to be a superstar. Johnson appeared on ESPN's First Take on Thursday and clarified the supertrailer criteria amid the ongoing debate. Magic Johnson attends "To Kill A Mockingbird" Broadway Opening Night at Shubert Theatre on December 13, 2018 in New York City. Magic Johnson attends "To Kill A Mockingbird" Broadway Opening Night at Shubert Theatre on December 13, 2018 in New York City. Photo by"A person who can go on the road and sell the building," Johnson said. "You gotta be box office... Larry Bird — people running home. Charles Barkley — people running home. Shaq — people running home. Kobe — people running home. And of course, the greatest to ever play — Michael Jordan. People running home to see him, or doing everything they can to get into the arena to watch him play. That's a superstar." Magic Johnson defines a superstar - "A person who can go on the road and sell the building out." — Awful Announcing (@awfulannouncing) June 12, 2025 Johnson knows a thing or two about being a superstar in the league. The fifth NBA champion is the ultimate superstar, as he not only dazzled fans with his play but also practically saved the NBA, alongside his long-time rival and friend, Larry Bird of the Boston Celtics. The 65-year-old is a legend and superstar through and through, and his resume speaks for itself. Outside of being a five-time champion, three-time NBA Finals MVP, three-time NBA MVP, 12-time All-Star and a nine-time All-NBA First-team selection. Johnson knows a thing or two about what it takes to be a true superstar, and whether the players in this year's NBA Finals can rise to that level remains to be seen. Only time will tell. More NBA news: Former NBA Star Suspended For Season Following Fan Altercation Lakers Legend Magic Johnson Delivers Powerful Message to Luka Doncic Lakers Connected to Stealing 3-Time Champion From Warriors For more Magic Johnson, Pacers and NBA news, head over to Newsweek Sports.
Forbes
23-04-2025
- Business
- Forbes
What's Going On With Netflix Stock?
NEW YORK, NEW YORK - APRIL 22: (L-R) Ted Sarandos, Carolina Garcia, Peter Friedlander, Justin ... More Martin, Matt Duffer, Kate Trefry, Sonia Friedman, Bela Bajaria, Ross Duffer, Shawn Levy and Blair Fetter attend Stranger Things: The First Shadow - Broadway Opening Night at Marquis Theatre on April 22, 2025 in New York City. (Photo byfor Netflix) The market is a mess. April has already seen the S&P 500 tumble nearly 6%, and most high-flying tech names are getting dragged down with it. Except one. Netflix (NASDAQ: NFLX) is up a jaw-dropping 11.6% this month. Yes, you read that right. While the broader market is coughing up gains, Netflix is popping champagne. And this kind of divergence is exactly why we don't bet the farm on any one stock. Because when single names zig while everything else zags, the upside can be thrilling - but the risk? Blistering. That's why our High-Quality portfolio, designed to sidestep these exact stock-specific shocks, has outperformed the S&P 500 and achieved returns greater than 91% since inception So what's going on? Let's dig in and check whether this red-hot rally is actually justified or is it about to hit the pause button? Call it earnings magic or just really good timing, but Netflix did well in Q1 2025. Here are the numbers that got Wall Street giddy: And all this as the rest of tech stumbles around blaming tariffs and macro gloom. Netflix? They're cruising. The company pulled this off by raising prices (again), expanding its advertising tier with in-house tech, and - believe it or not - finally making live content and sports work. This is the part where people start whispering about Netflix being a 'tariff-proof haven.' They're not entirely wrong - Netflix doesn't sell sneakers or iPhones. No China imports. No tariff drama. Just subscription dollars rolling in. Let's not sugarcoat this: Netflix stock is expensive at a P/E ratio of 45 and P/EBIT ratio of just under 40. That's certainly above where most value investors feel cozy. If you are saying - 'well that's fine, Netflix has been a high PE stock for years' - you'd be half right. Think again. In 2022 when inflation hit - guess where Netflix P/E landed? It hit rock bottom of 15x! That's even lower than what most mature companies get. Simply put - there is ample room for multiple contraction. When that happens, stocks crater. PE is a sensitive metric. It is fueled by expectations. Sure things look good for now because Netflix is executing. Margins are up. Growth is still good. And it's one of the few mega-cap names that doesn't have to worry about tariffs, supply chains, or China risk. Investors are looking for safe havens in a shaky macro environment. Right now, Netflix is playing the part equivalent to gold. But you can't ignore the price tag. This is a stock that assumes Netflix will keep crushing it. Is that possible? Sure. Is it guaranteed? Absolutely not. And here is some data as caution: Netflix is a rare beast in today's market: a growth stock that's not just surviving but thriving. But thriving doesn't come cheap. With a P/E of 45 and little room for missteps, Netflix may be one earnings miss or subscriber slip away from a sharp reality check. The risk here isn't about Netflix falling apart - it's about the market's sky-high expectations crashing down to earth. And that's the problem with chasing single-stock hype: when they win, it's exhilarating. But when they stumble? Painful. Considering multiples in context of growth is one of the factors we look at in Trefis High Quality (HQ) Portfolio which, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics.
