2 Nasdaq-100 Stocks to Double Down on in February
The Nasdaq-100 index, which is made up of stocks issued by the 100 largest non-financial companies listed on the Nasdaq Stock Exchange, started the year on a positive note. It posted gains of 14% in 2023, bringing some relief to investors who saw the index lose over 15.4% of its value in the past year.
It is worth noting that the Nasdaq has a tendency to bounce back strongly after a down year. Cooling inflation and the U.S. economy's resilience could be catalysts for equities in 2023 and send the market on a potential bull run. That's why investors may want to load up on a couple of Nasdaq-100 stocks that could soar higher in 2023 and beyond.
Airbnb (NASDAQ: ABNB) stock is already crushing the market this year with gains of 38%. Meanwhile, Datadog (NASDAQ: DDOG) has jumped 6.1%, and it wouldn't be surprising to see this fast-growing cloud software company jump higher. Let's look at the reasons why Airbnb and Datadog are two Nasdaq stocks that investors should consider buying hand over fist in February.
Source Fool.com
