History Says the Nasdaq Will Roar Higher in 2024: 2 Surefire Growth Stocks to Buy Now
All three major indexes slipped into bear territory in 2022, and ever since, one question has been on investors' minds: When will the next bull market arrive? It's impossible to answer that question with 100% accuracy, but a couple of things offer us reason to be optimistic that a bull market may be on the way.
First, bear markets always lead to bull markets, so down times are temporary. Second, a look at history shows us the Nasdaq Composite has a good chance of roaring higher in 2024. The index surged 43% last year, surpassing gains of the Dow Jones Industrial Average and the S 500, which climbed 13% and 24%, respectively. And a look at Nasdaq's performance over time shows that after every year of rebounds from a bear market, the index has gone on to climb for a second year.
In fact, after each annual loss of more than 10%, the Nasdaq went on to gain an average of 56% over the following two years. This shows that, if the index follows its pattern so far, the Nasdaq has plenty of room to run this year, and this makes now a great time to invest in quality growth stocks. These are companies that have shown their ability to increase earnings over time, and these players also offer solid long-term prospects. So, by scooping up shares of these companies, you could score a win in the near term and over time. Let's check out two surefire growth stocks to buy now.
Source Fool.com
