Netflix is Falling from Power

Netflix is Falling from Power

According to one investor, large technology shares that are rising sharply in the middle of the epidemic are very expensive. Clark Capital, president and CEO of Kendall Capital, said that Yahoo Finance's vibrant investors are currently overpaying for these stocks. He highlighted the distinction between stocks that turned COVID-19 restrictions into opportunities and the rest of the market. “S & P's top 5 stocks represent 23% of its market cap,” said Kendall. It was 2000 when it was so high last. " said. Meanwhile, Netflix (NFLX), one of the most flying stocks since the onset of the COVID-19 crisis, warned that it could easily lose its brightness because it crashed after a weak earnings report, and said, "Initially Qualcomm (QCOM) was today's Netflix." The rising giant share fell more than 7% after the report, which was considered weak for the current quarter on Friday, and it is seen that the growth of new subscribers will slow down in the second quarter of the year. Kendall stated that he saw opportunities in some Russell 2000 stocks, and said, "A good portfolio manager is looking for relative value."