Think twice before jumping in the waters to buy the beat-up shares of streaming giant Netflix, warns one Wall Street analyst.
Three volatile stocks that have become popular with many investors, GameStop (NYSE: GME), AMC Entertainment (NYSE: AMC), and Vinco Ventures (NASDAQ: BBIG) fell between 3% and 14% by 11:15 a.m. EDT, while the broader market was down roughly 1%. There wasn't any significant news out of the companies, but shares are down over the last few trading days as investors have turned away from riskier stocks. In Vinco Ventures' case, the digital-content specialist is still up sharply so far in 2022, in part because investors are looking forward to the company's planned spin-off of a division called Cryptyde, which focuses on cryptocurrency assets.
Let's see why AMC Entertainment, Roku, and AT&T may benefit from the stumble at Netflix. One of the rare silver linings in the Netflix report is that it put out a pair of films that shattered previous viewership records for new releases.