Why Square, Netflix, and Pinterest Stocks Fell Sharply Thursday

fool2021-03-26

What happened Shares of financial technology-specialistSquare(NYSE:SQ), streaming-TV companyNetflix(NASDAQ:NFLX), and visual search and media platformPinterest(NYSE:PINS)were all hit hard on Thursday....

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Comments

PKLim
2021-03-26
PKLim
Buy when price fell
jane投资学习
2021-03-26
jane投资学习
Wow
HareshM
2021-03-26
HareshM
Am saddened by this
OlafPikachu
2021-03-26
OlafPikachu
Interesting ?
trojan1337
2021-03-26
trojan1337
Ok. Comment and like pls
- Shininglight:
  ok
- trojan1337:
  aaa
ZEROHERO
2021-03-26
ZEROHERO
DCA only at U-Turn

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The three stocks ended the day down 2.4%, 3.5%, and 2%, respectively. But shares of these companies were all down about 5% at their worst points during the trading day.\nThe three stocks' declines reflect broader market bearishness towardgrowth stocks. This has been an overarching theme in the market since mid-February, with growth stocks getting hit particularly hard during the last few trading days.\nSo what\nSince Feb. 15, shares of Netflix, Pinterest, and Square are all down 9%, 19%, and 23%, respectively. This compares to only a 0.6% decline for theS&P 500. With all three of these companies squarely fitting the definition of a growth stock, it's not surprising to see them getting hammered along with most other stocks in the same category.\nOf course, growth stocks may have been overdue for a breather. They had a huge run-up in 2020. For instance, Square, Netflix, and Pinterest stocks soared 248%, 254%, and 67%, respectively, in 2020. 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Finally, Pinterest's fourth-quarter revenue skyrocketed 76% year over year as monthly active users jumped 37% year over year to 459 million.\nLooking ahead, analysts expect more strong double-digit top-line growth from all three of these companies in 2021. 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Comment and like pls","listText":"Ok. Comment and like pls","text":"Ok. Comment and like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/358731664","repostId":1105162761,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3889599,"gmtCreate":1616747984064,"gmtModify":1680781819857,"authorId":3563607262597606,"author":{"id":3563607262597606,"idStr":"3563607262597606","authorId":3563607262597606,"name":"Shininglight","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358731664,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":3887656,"gmtCreate":1616728877460,"gmtModify":1680781792535,"authorId":3574916293171379,"author":{"id":3574916293171379,"idStr":"3574916293171379","authorId":3574916293171379,"name":"trojan1337","avatar":"https://static.tigerbbs.com/943a776c7741ee5cc4d67b3592fbb000","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.43%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358731664,"type":1,"supId":0,"prevId":0,"content":"aaa","text":"aaa","html":"aaa"}],"langContent":"EN"},{"id":358739773,"gmtCreate":1616728647992,"gmtModify":1704797980847,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3566532164444643","idStr":"3566532164444643"},"htmlText":"DCA only&nbsp;at U-Turn","listText":"DCA only&nbsp;at U-Turn","text":"DCA only at U-Turn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358739773","repostId":1105162761,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":53,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1105162761"}