There’s been some recent announcements with a couple of companies, but did it make any impact on the overall stock market?

Certified Financial Planner Tim Heisterkamp says following the announcement of billionaire Elon Musk purchasing the social media platform Twitter, which would take the company from public to private, the needle didn’t really move in the stock market.

“You might see a bigger effect with the news that Apple does something, or Microsoft does something, or even an Amazon for an example. I mean when those companies make announcements they would have a bigger effect on the overall stock market than a company like Twitter.”

Streaming service Netflix announced a 35-percent drop in its shares following a massive loss of subscribers. Heisterkamp says while Netflix took a hard hit in the stock market, he offers this advice whenever someone sees something like this happen.

“So what I would recommend to people is you have to look at how much money a company is making. Now, as with any stock, and I’m not just saying this because of Netflix, I’m just saying you have to look at its valuations based on how much money they’re making. And then that’s how I would make that determination of whether or not to buy Netflix right now.”

Heisterkamp adds that over the last year, Netflix shares were over $700 and now it is trading at $200 per share.