Netflix (NFLX -0.72%) sure shocked Wall Street with its first-quarter report. Shares jumped 25% the next day. But many of the key drivers for this crazy jump should have been obvious to most investors. Seeing these signs in advance would have helped you invest in Netflix with confidence as this report approached.

In this video, Fool contributor Anders Bylund walks you through these patently obvious catalysts. In his eyes, this stock is still too cheap.