3 Stocks I'm Buying During a Tech Stock Correction
It has not been an easy time for growth investors. The NASDAQ Composite Index has declined by close to 32% year-to-date to enter its second bear market in less than three years. Although stock prices have come down significantly for a wide swath of businesses, you should not feel disheartened. Many companies are still growing at healthy rates and possess catalysts that could take their businesses to the next level.
This sharp correction opens up opportunities to scoop up shares of well-run companies at attractive valuations. These businesses should go on to do well in the long term, and their share prices should eventually reflect this growth in their top and bottom lines. Attributes to look for include strong brand names, competitive moats, strategic plans to grow, and competent management teams.
Here are three stocks you can consider buying during this bear market in technology stocks.
Source Fool.com
