2 Monster Growth Stocks to Buy in This Bear Market and Hold Forever
Recession fears have sent stocks tumbling this year. The broad-based S&P 500 is currently 25% off its high, and the tech-heavy Nasdaq Composite is down 35%. That puts both indexes in a bear market. Many individual tech stocks have fared even worse. Cybersecurity companies like CrowdStrike Holdings (NASDAQ: CRWD) and Zscaler (NASDAQ: ZS) have stocks trading down 47.5% and 60%, respectively, from highs set within the last year. And these drops come despite delivering monster financial results.
The cybersecurity industry is poised to see strong growth in the coming years, as hackers are becoming increasingly sophisticated and data breaches are becoming increasingly costly. In fact, nearly 70% of businesses plan to increase their cybersecurity budgets in the future, according to a survey from PricewaterhouseCoopers. That should be a powerful tailwind for cybersecurity leaders like CrowdStrike and Zscaler.
Here is why these two monster growth stocks are worth buying today.
Source Fool.com
