Buy-the-Dip Candidates: Netflix, Altria, Coinbase, Shopify

Stocks are mixed Monday as a busy earnings week awaits investors. Tesla is set to report its earnings Monday and Bitcoin is rising after falling below $50,000 over the weekend.

If you’re looking for the best stocks from this week, check the 15 best stocks from this past week including IBM, NIO, Skillz, Skechers, BioNTech, Equifax, Microvision and more.

Here are several stocks that fell this past week and could present an opportunity to “buy the dip”.

1. Coinbase Global | -14.74% Past Week | -11.17% 1 Month

Bitcoin fell over 19% in the past week after the cryptocurrency market fell after reports of Biden exploring increasing the capital gains tax rate. Blockchain companies are falling and Coinbase  (COIN) – Get Report is feeling the effects of the market running into headwinds.

TheStreet Quant Ratings has no rating for Coinbase Global.

2. Peloton Interactive | -13.03% Past Week | -10.83% 1 Month

Peloton Interactive  (PTON) – Get Report stock was under pressure following the U.S. Consumer Product Safety Commission (CPSC) said that “multiple incidents of small children and a pet being injured beneath Peloton’s Tread+ machines” preceded its formal warning, adding that its “continuing to investigate all known incidents of injury or death related to the Peloton Tread+.”

Cramer said Peloton is not a buy and investors [who own it] need to sell the stock. “It’s not going to necessarily knock the thing off the market but people who watch that video will say they like to have their kids workout with them etc but you will have to take to an isolation chamber if you want to use a Peleton,” said. This incident is bad for sales, Cramer added.

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