Netflix is down 30% from the 52-week high. Shareholders are nervous. Today I share my outlook for the streaming industry and Netflix.
Global stocks held up well in the face of adversity in the third quarter. Despite the threat of a recession and uncertainty over the US, China trade dispute, the S&P 500 (SPY) fell just 1% in the third quarter. The tech heavy NASDAQ (QQQ) also fell -1%. The global stock market Vanguard (VT) fell -2%. Emerging Markets (EEM) lagged, falling -6%.
We saw some great news from one of my favorite growth stocks that many of my wealth management clients have owned for years. Global leader in online dating Match Group (NASDAQ: MTCH) jumped 20% today, hitting a new all-time high after reporting awesome second-quarter results that crushed expectations. Here are some highlights from the press release.