The Fed Issues a Recession Warning: 2 Magnificent Growth Stocks to Buy Now and Hold Forever
The Federal Open Market Committee, the policymaking arm of the Federal Reserve, expects the U.S. economy to slip into a mild recession before the end of 2023, with a recovery taking place in the subsequent two years. Some investors will trade that news by purchasing stocks in defensive sectors like utilities and consumer staples. There is nothing wrong with that strategy, but risk-tolerant investors should consider being more aggressive.
The economy has weathered two recessions in the last 20 years, but the technology sector (not defensive sectors) has generated the best returns during that time period. In fact, tech stocks in the S&P 500 index soared more than 1,000% over the last two decades, which is more than double the return of the next closest sector and well above the 363% return of the broader market.
Here are growth stocks in the technology sector to buy now.
Source Fool.com
