In today's video I look at four large-cap growth stocks that Cathie Wood is purchasing and explain why investors should keep an eye on them.
Three reasons to watch Netflix (NFLX 1.74%):
- Netflix's stock price is down roughly 13% from its 52-week high. A possible explanation for the price drop is the slowdown in user growth.
- Netflix is fundamentally strong, with positive earnings and cash flow from operations.
- New content to be released on Netflix later this year should attract new customers.
Three reasons to watch Coinbase (COIN -0.34%):
- Coinbase's stock price is down roughly 14% from its 52-week high. A possible explanation for the price drop is the continued decline of cryptocurrency prices and insiders selling shares.
- Coinbase is fundamentally strong, with positive earnings, cash flow from operations, and more cash than debt.
- Cryptocurrency's volatile market may be a catalyst for more trades on the platform, bringing more revenue.
Three reasons to watch Roblox (RBLX 1.60%):
- Roblox's stock price is down roughly 12% from its 52-week high. There is no recent news that can lead us to understand the price drop.
- Roblox is fundamentally strong, with positive cash flow from operations and more cash than debt.
- The recent partnership with Hasbro (HAS -0.09%) could be just the beginning of similar partnerships in which real-world items are translated to the digital platform.
Three reasons to watch Meituan (MPNGF 1.71%):
- Meituan's stock price is down roughly 31% from its 52-week high. A possible explanation for the price drop is the overall pullback in Chinese stocks, similar to the one seen in growth stocks.
- Meituan is fundamentally strong, with positive earnings, cash flow from operations, and more cash than debt.
- China giant Tencent (TCEHY -0.94%) is a major shareholder.
Click the video below for my full thoughts.
*Stock Prices used were the closing prices of April 23, 2021. The video was published on April 24, 2021.