The article highlights the importance of evaluating both technical breakouts and fundamentals when purchasing stocks. While technical breakouts can sometimes signal opportunity, they don’t guarantee swift gains. Companies like Netflix (NFLX), DoorDash (DASH), and Tesla (TSLA) are highlighted as strong breakout plays with solid fundamentals and growth prospects. The article mentions Netflix's continuing market dominance, improved performance, and successful ad-supported tier, suggesting that these factors support potential stock appreciation despite rising prices. Thus, it implies that buying on the way up could still be beneficial if fundamentals remain strong.
Buying stocks on a technical breakout isn't always the formula for a swift gain.
If a company's fundamentals improve, shares may still be cheap despite new highs.
Netflix, DPASH, and TSLA are major breakout plays that appear robust and supported by fundamentals.
Netflix's wide moat has actually widened, attributed to a deep pipeline of engaging content.
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