NFLX - 3 Stocks That Have Tripled the Market's Return So Far This Year
2024-03-24 14:15:00 ET
The rally that sent stocks soaring 24% in 2023 isn't over just yet. Year to date, the benchmark S&P 500 has gained another 9.9% as Mar. 21. Wall Street has been enthusiastic about the prospect that interest rates could start declining soon, while the U.S. economy remains in growth mode.
Many stocks have benefited disproportionately from that bullish attitude among investors, but a few stand out for already tripling the market's year-to-date return. Let's look at three of the biggest winners so far this year: Meta Platforms (NASDAQ: META) , Deckers (NYSE: DECK) , and Netflix (NASDAQ: NFLX) .
Deckers has been riding a wave of strong demand for many of its popular footwear brands like Hoka and Ugg. These wins help it stand out compared to peers such as Nike , which has been struggling with weak sales and pricing trends recently.
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3 Stocks That Have Tripled the Market's Return So Far This Year