2 Technology Stocks That Could Go Parabolic
Technology stocks have made an impressive recovery in the past three months or so following a difficult start to the year when a variety of factors, including a tariff-induced trade war, lofty valuations, and the lack of interest rate cuts by the Federal Reserve this year, spooked some investors.
The tech-laden Nasdaq Composite index has jumped a remarkable 21% in the space of just three months (although it's up just 7% year to date). This broad market rally explains why many technology names have also shot up big time of late, recording a parabolic increase in their stock prices. A parabolic move refers to a rapid increase in the stock price of a company in a short time, identical to the right side of a parabolic curve.
Two tech stocks in particular have been crushing the market of late and have the potential to make another parabolic move thanks to their stunning growth profiles.
Source Fool.com
