1 Streaming Stock to Buy and 1 to Sell in a Market Downturn
With global markets being roiled by Russia's ongoing war in Ukraine and high inflation rates stubbornly holding on, many economic experts have voiced concern about the likelihood of a U.S. recession. For investors considering how best to prepare themselves, it makes sense to consider which competing stocks to hold and which to shed in a downturn.
With this in mind, here's why it makes sense to buy Walt Disney (NYSE: DIS) and sell Netflix (NASDAQ: NFLX) right now.
At the time of this writing, Walt Disney is hovering around $97 per share, far below its $157 price at the start of 2022. Indeed, at the beginning of the year, Walt Disney was outperforming the S&P 500 by a few points. And while both have steadily dropped over the course of the year, Walt Disney's drop of almost 38% has outpaced the S&P 500's dip of roughly 24%.
Source Fool.com
