The Financial Post reports in its Thursday edition that Netflix has performed strongly this year, with record profits and a bright forecast solidifying its position in the entertainment industry. A Bloomberg dispatch to the Post reports that investors view the stock as a strong growth opportunity, believing that subscribers are unlikely to cancel even during economic downturns, making it recession resistant. Despite concerns over President Donald Trump's proposed 100-per-cent tariffs on overseas films, investors largely ignored the potential risks and the stock quickly recovered after a brief dip, continuing an 11-day rally that saw a 20-per-cent increase, the longest in its history. Frank Funds manager Brian Frank says: "I don't view this as a huge risk for Netflix, since it is such a dominant player it can lean on suppliers or raise prices to offset tariffs more than its smaller rivals can. More importantly, Netflix is so well managed and it gets tremendous returns from its content, so it has room to keep growing and the stock has room to keep rising." Netflix expects to spend $18-billion (U.S.) on content this year, and half of its budget is allocated to original and licensed content sourced outside North America.