S&P 500 Sell-Off: 1 Growth Stock to Buy, and 1 to Sell
The S 500 has been on a tear lately, gaining 26% almost in a straight line over the past six months. But the index sank 1.1% last week, and while that doesn't sound like much, it was the steepest drop on a closing basis since the final week of December.
The long gap between 1% weekly declines really speaks to the strength of the broader market, and most Wall Street analysts expect further upside throughout 2024. Considering we're in a bull market, sell-offs are typically a great opportunity for investors to buy. However, this is also a good time to trim positions in stocks that are underperforming.
Here's why Netflix (NASDAQ: NFLX) stock is a buy, and Peloton Interactive (NASDAQ: PTON) is a sell.
Source Fool.com
Netflix Inc. Stock
€634.40
1.570%
Our community is currently high on Netflix Inc. with 80 Buy predictions and 7 Sell predictions.
With a target price of 649 € there is a slightly positive potential of 2.3% for Netflix Inc. compared to the current price of 634.4 €.
