NFLX - 2 Magnificent Growth Stocks That Have Outperformed the Nasdaq in 2024 and Can Keep Soaring
2024-06-23 04:50:00 ET
The Nasdaq Composite has delivered a total return of approximately 20% since the start of 2024, and some companies have notably outpaced these returns in share-price performance. However, the performance of any stock in a single year should never be the sole reason you decide to buy or sell.
Instead, there should be a clear business thesis that underpins any stock you buy, and the company should align with the overall growth goals and risk tolerance levels that you've set for your personal portfolio. On that note, if you're looking for stocks that are already soaring this year and have intriguing businesses to drive long-term growth, here are two names to consider the next time you go stock shopping.
Netflix (NASDAQ: NFLX) is trading roughly 40% higher from the start of 2024. The streaming giant was one of the pandemic darlings that subsequently met the ire of investors as growth slowed and profitability waned. But it has returned to steady gains after this period of difficulty.
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2 Magnificent Growth Stocks That Have Outperformed the Nasdaq in 2024 and Can Keep Soaring