What began arguably with a momentary pivot in investor appetite from “growth” stocks — those stocks with a propensity to rise steadily based on growing sales and profitability - toward those viewed as undervalued by some metric, has morphed into something seemingly more lasting and more reflective of a market that is struggling to scale its latest wall of worry.
Growth stocks like Netflix, and the wider FAANG complex, have been in a nearly uninterrupted bullish trend for the past decade. A rotation, however, appears to be at hand, with measures of growth stock performance this month trailing value strategies handily. The Russell 1000 Growth RLG, -1.00% is down 0.9% so far in September, compared with a Russell 1000 Value Index RLV, -0.
A popular way to measure IPO performance, the Renaissance IPO ETF IPO, -2.65% is down 6.9% this week, marking its worst weekly decline since the week ended Dec. 21, 2018. It’s also the worst monthly decline, down 8.7%, for the exchange-traded product since December, according to FactSet data. The market overall has been stuttering for the past year, with the Dow gaining a meager 1.4% over the 12 months, the S&P 500 up 1.6% and the Nasdaq, weighed down by many of those growth names, down 1.3% over the same period.The U.S - China trade dispute and the wider geopolitical challenge posed by China’s growing economic, technological and military power may present the biggest hurdle for the market’s ascent.
Netflix is tanking because their service is not maintaining its value against competition. You want to make consistent returns? Pick better growth stocks.
thx to a friend of mine, i bought some onion at kucoinexchange rdy to wait for the bull run GetDeepOnion $ONION
A high yield approach without margin & buy & hold strategy should give you a modest return. Timing the market on news flow will not work with news flow going to be very volatile.
Trump resigning will be good for the market