For a third straight day, the stock market as a whole barely budged. At closing time, most major indexes were slightly higher or a touch lower, making for yet another flat day in what's turning out to be a sideways week. Yesterday in this space, we took a look at one stock that resisted the trend by shooting higher. Today, for a switch, we'll explore a pair of stocks that sagged. Image source: Getty Images. Canada Goose Holdings Wednesday was a memorable, up-and-down day for luxury outerwear specialist Canada Goose Holdings (NYSE: GOOS). On the back of its latest earnings report, released before market open, the company's stock flew higher. Before long, however, it plunged toward the ground, recording a nearly 11% decline on the day. Those earnings -- for Canada Goose's Q2 of fiscal 2020 -- actually looked quite good. Revenue rose by nearly 28% on a year-over-year basis to 294 million Canadian dollars ($222 million), with non-GAAP net income increasing 24% to almost CA$64 million ($48 million). The latter figure represented per-share earnings of CA$0.57 ($0.43). Those headline numbers handily beat analyst estimates. On average, those prognosticators were anticipating CA$267 million ($201 million) on the top line and CA$0.43 ($0.32) in per-share profitability. So what was the problem? Some Canada Goose chasers believe it was guidance, which the company left unchanged. The company is expecting around 25% annual growth in sales for fiscal 2020, and a 20% improvement in earnings. This outlook, which was proffered earlier this year, actually represented a cut in the company's previous estimate for revenue. The numbers are also some distance down from Canada Goose's growth rates in the past. What was likely a bigger factor is the current unrest in Hong Kong, plus the slog that is the U.S. trade war with China. Asia is -- or was -- a growth engine for Canada Goose, with sales there nearly doubling year over year to almost CA$49 million ($37 million) in Q2. That CA$49 million, by the way, comprised 17% of Q2 total revenue. I don't feel Canada Goose fully deserved the goosing it received from the market today. That said, the stock is still priced a bit high on both a dollar and a valuation basis. The company still has fine growth potential (revenue/profit growth in the 20% neighborhood is nothing to sneeze at), but it's probably worth waiting for the share price to ease a bit more. iQiyi Canada Goose shares might have had a bumpy flight on Wednesday, but tech stock iQiyi (NASDAQ: IQ) is experiencing a turbulent year. The company, a streaming entertainment purveyor more or less akin to our Netflix, has seen some notable share price volatility so far in 2019. Wednesday was a downer for iQiyi, with its American depositary receipts (ADRs) declining by over 4%. That goes against the recent investor sentiment on the stock, which had been fairly bullish. iQiyi's Q3 of fiscal 2019 results, unveiled last week, revealed decent (7%) year-over-year revenue improvement on the back of a nice 31% rise in subscriber count from the company. Meanwhile, the net loss was slightly less severe than analyst estimates. But with every quarter that shows a deficit -- and iQiyi has had more than its share of them -- investor faith melts away that much more. Meanwhile, the company operates in an industry that, like its U.S. counterpart, is facing rising content costs. iQiyi is now a robust developer of its own content, and its expenses reflect this. I also think U.S. investors, fully cognizant of the streaming wars that are heating up in this country, fear the same could happen in China. It's a very entrepreneurial country, so we shouldn't be surprised if some enterprising person or company is scheming to knock iQiyi off its perch. I'm not a fan of rolling net losses, and I'm not convinced iQiyi -- despite its popular original content -- has an unassailable position on its market. I think there are better stocks for entertainment industry investors to consider. 10 stocks we like better than Canada Goose HoldingsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Canada Goose Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Canada Goose Holdings and Netflix. The Motley Fool recommends iQiyi. The Motley Fool has a disclosure policy.Source