Both Netflix (NFLX 1.74%) and Facebook (META -10.56%) saw their share prices hit record highs this week. Netflix has rebounded after some questionable decisions by management two years ago. And Facebook is bouncing back from its disastrous IPO last year.

In the following video, John Reeves and David Meier take a closer look to determine which of the two stocks is the better buy right now. David likes that Netflix will be able to generate excellent incremental cash flow. But he also really likes the potential of Facebook's massive network.