News Summary

• Netflix Inc. shares romped through the first half of the year on strong earnings and ambitious growth plans.
• But that rally is now stalled as a pair of unusual risks has investors questioning the company's elevated valuation.
• The shares are down 9% since the end of June, while the Nasdaq 100 Index is up almost 11% over the same period.
• Still, they remain up 36% this year, more than three times the 6.9% gain in Musk’s Tesla Inc.