Market Recap – April 20th
Yesterday’s markets were mixed in movement, with the NASDAQ suffering a major hit after Netflix stock declined over 30% in a single day. The S&P and Dow traded sideways on opening with slight gains before lunchtime. Looking at two specific investments, we’re watching Netflix and Lululemon. Netflix has been downgraded across the board, leaving little to look forward to in its stock besides its low price. On the other hand, Lululemon has announced plans to expand its line of men’s clothing and in turn capture more of the athleisure and athletic clothing market.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.