Tariff Turmoil: 2 Spectacular Stocks to Confidently Buy With $1,500 During the Nasdaq Correction
On April 2, President Trump announced sweeping tariffs on America's trading partners, which will increase the cost of physical goods coming into the country. The president's goal is to encourage more companies to manufacture products domestically to drive job creation, but there is likely to be significant economic pain in the short term, especially as other countries are expected to respond with tariffs of their own.Netflix (NASDAQ: NFLX) and Spotify (NYSE: SPOT) operate two of the world's largest streaming platforms, and they could be great stocks to buy in the face of a potential trade war, for a few reasons:Both Netflix stock and Spotify stock are down 13% from their all-time highs amid the volatility in the broader market, but they are actually outperforming the Nasdaq-100 technology index, which has plummeted by almost 17% from its high. Since it appears likely that trade tensions will persist for the foreseeable future, here's why investors with a spare $1,500 (money they don't need for immediate expenses) might want to buy one share of Netflix and one share of Spotify.Continue reading
On April 2, President Trump announced sweeping tariffs on America's trading partners, which will increase the cost of physical goods coming into the country. The president's goal is to encourage more companies to manufacture products domestically to drive job creation, but there is likely to be significant economic pain in the short term, especially as other countries are expected to respond with tariffs of their own.
Netflix (NASDAQ: NFLX) and Spotify (NYSE: SPOT) operate two of the world's largest streaming platforms, and they could be great stocks to buy in the face of a potential trade war, for a few reasons:
Both Netflix stock and Spotify stock are down 13% from their all-time highs amid the volatility in the broader market, but they are actually outperforming the Nasdaq-100 technology index, which has plummeted by almost 17% from its high. Since it appears likely that trade tensions will persist for the foreseeable future, here's why investors with a spare $1,500 (money they don't need for immediate expenses) might want to buy one share of Netflix and one share of Spotify.
