fbpx
QQQ
+ 0.00
331.51
+ 0%
DIA
+ 0.00
345.54
+ 0%
SPY
+ 0.00
419.10
+ 0%
TLT
+ 0.00
139.92
+ 0%
GLD
+ 0.00
170.04
+ 0%

Why No Love For Netflix? Steve Grasso Ponders That Stock And Other Stay-At-Home Trades

April 21, 2021 5:31 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Why No Love For Netflix? Steve Grasso Ponders That Stock And Other Stay-At-Home Trades

Stuart Frankel & Co.'s Steve Grasso analyzed the stay-at-home trade stocks Wednesday on CNBC's "Power Lunch."

Grasso said he would sell Netflix Inc (NASDAQ:NFLX). The stock is currently trading below its 200-day moving average of $515. And, it's the first time since March 2020 that Netflix has traded below its 200-day moving average, he said. 

Related Link: Thinking About Buying Stock In Netflix Or Roku?

Grasso would also sell Zoom Video Communications Inc (NASDAQ:ZM). Many corporations will maintain the work-from-home option, but there will still be "less people" on Zoom, Grasso said. If the stock can hold support around $300, it has a chance to go higher, he added. 

Grasso would buy DocuSign Inc (NASDAQ:DOCU). No matter where someone is, "you want to be able to sign [documents] from your cell phone," he said. 

Grasso told CNBC he would sell Peloton Interactive Inc (NASDAQ:PTON). People want to get out of their houses and move on to different experiences, he said. 

Related Link: Peloton's Safety Issues: What Investors Need To Know

He would buy Chewy Inc (NYSE:CHWY). People won't stop buying food for pets once the pandemic is over, he said, and expects the stock to bounce back over $100. 

Domino's Pizza, Inc. (NYSE:DPZ) is a sell, Grasso said, citing that the company has "too much competition."

(Image by Vinzent Weinbeer from Pixabay )


Related Articles

Benzinga's Bulls And Bears Of The Week: Amazon, Netflix, Starbucks And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. This week's bullish calls included the iPhone maker and the king of e-commerce. A coronavirus play and the electric vehicle leader were among the bearish calls. read more

Why Stephanie Link Would Buy Chewy If It Goes Lower

The online pet products retailer Chewy Inc (NYSE: CHWY) is a good long-term play, Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, said Wednesday on CNBC's "Fast Money: Halftime Report." read more

2 Meme Stocks Hanging Near Support, Looking To Bounce

Gamestop Corp. (NYSE: GME) and Chewy Inc. (NYSE: CHWY) are nearing potential support lines and may be read more

Beyond WallStreetBets, Analyst Sees GameStop Benefiting From These 3 Factors

GameStop Corp. (NYSE: GME) has yet to show financial success in an industry that is rapidly shifting to digital and its current valuation “far exceeds our high fundamental expectations” but there are factors favoring the videogame retailer, according to analysts at Telsey Advisory Group. read more