NFLX - 2 Potentially Explosive Stocks to Buy In April
2024-04-07 10:21:00 ET
Growth stock investors have had an epic run this year thanks to the rally that pushed the tech-heavy Nasdaq Composite index up 33% over the past 12 months. Nvidia and Meta Platforms more than doubled in that time, making them two of the most explosive gainers in a rising market.
Indexes may turn lower following such a huge spike, of course. But markets also have a way of booking a string of fresh records when momentum is this strong. With that prospect in mind, let's look at a few stocks that seem primed for especially big gains in April and beyond.
Netflix (NASDAQ: NFLX) investors have April 18 circled in bright red on their calendars. That's the release date of the streaming video giant's fiscal Q1 earnings report, which covers the reporting period ending in March. Netflix's stock isn't far from its all-time high as we approach that update. Shares have climbed nearly 200% since their lows set back in mid-2022. The stock saw those declines about two years ago after the company reported back-to-back quarters of subscriber losses.
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2 Potentially Explosive Stocks to Buy In April