This streaming company is looking like a bargain at these prices.
Netflix, Inc. (NFLX)
From Cabot Undervalued Stocks Advisor
The stock market is down again today due to oil price competition and aggression between Russia and Saudi Arabia, which led to plummeting oil prices.
I can’t tell you how long that situation will last, nor how long the stock market will stay down. But I can tell you that the stock market has always recovered from pullbacks—and even crashes—and gone on to reach new all-time highs.
If you have a lot of portfolio cash and you’re wondering what to buy today, I’d say buy a Movie Star Stock like Netflix (NFLX). The success of these companies is not debatable, their share prices are rarely on sale, and both stocks are trading at decent price support levels, as opposed to plummeting like oil stocks. Take advantage of today’s low price.
Generally speaking, take your time investing cash in the coming days and weeks. There is no hurry to scoop up bargains today, and please, definitely do not buy stocks that are reaching new lows as you look at their six-month price charts. Such stocks will not recover any time soon. Presuming that your goal is capital gains, you will want to stick with stocks that are showing more strength.
Crista Huff, Cabot Undervalued Stocks Advisor, www.cabotwealth.com, 978-745-5532, March 9, 2020