Big tech companies have a track record of failing in gaming, but Netflix's free-to-play mobile games could be different.
With each passing day, it seems as if the stock market continues hitting record highs. As the leader of the home improvement industry with sales of $37.5 billion in its most recent quarter, Home Depot (NYSE: HD) is a pandemic winner that's riding the housing boom. The business relied on its do-it-yourself customers to drive growth during lockdowns, but with growing backlogs from professional contractors, Home Depot is well positioned to continue thriving.
The Dow Jones fell by more than 2% in what turned out to be its worst one-day sell-off since the beginning of the year. Two companies that would be great options in case of another market downturn are AbbVie (NYSE: ABBV) and Netflix (NASDAQ: NFLX). Pharma giant AbbVie will likely start facing competition from biosimilars in the U.S. for Humira, its best-selling drug, in 2023.