Anyone long tech stocks has felt the pain since November. Look at the chart of NLFX below, over $650 to $227 ? Wow.
So, after the second gap-down, is NFLX a buy now? The chart certainly says "No". What do NFLX's fundamentals tell us? Current year earnings estimates of $11 seem reasonable for a high-quality company, but a closer look shows that there are earnings, but not really cash flows:
The fundamentals for PYPL tell a pretty good story. Current year earnings estimates are a healthy $4.62, rising to a very healthy 2024 consensus of $7.
Contrasting NFLX vs. PYPL you can see NFLX is mostly negative cash flow, with an increasing share count, high debt and likely to trade down over $90 versus PYPL that throws off great cash, always lowering the share count, with a strong balance sheet. If you have to pick one to bottom fish, then go for PYPL.