Netflix Is Approaching Its Apple Moment

Over the past year, Netflix (NASDAQ: NFLX  ) and Apple (NASDAQ: AAPL  ) have traded places in the minds of many investors. A year ago, Apple was a Wall Street darling that was nearing its all-time high above $700, with many analysts predicting a run to $1000 or higher. Meanwhile, Netflix stock was down in the dumps, trading for as little as $53 -- a far cry from its all-time high of more than $300 in 2011.