1 Nasdaq-100 Stock That's a Screaming Buy in February, and 1 to Avoid
Although Wall Street is a bona fide moneymaker over long periods, its performance over shorter timelines is about as certain as a coin flip. For instance, each of the stock market's major indexes have traded off bear and bull markets in successive years since the decade began. These swings have been especially noteworthy in the growth-fueled Nasdaq-100.
The Nasdaq-100, which is comprised of the 100 largest nonfinancial companies listed on the exchange, lost a whopping 33% of its value in 2022, and has rallied 61% since the start of 2023 (as of the closing bell on Feb. 13, 2024). Despite this amazing rally, deals can still be found. But on the flip side, understand that not every component of the Nasdaq-100 is worth buying.
As we motor ahead in February, one Nasdaq-100 component stands out as a no-brainer buy, while another widely owned Nasdaq-100 stock is rife with red flags.
Source Fool.com
