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.

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Source Fool.com