Up 14% in 2023, Is It Safe to Invest in the Nasdaq Right Now?
It has been quite the start to the year for the Nasdaq 100, as it is up 14%. That run-up might scare some investors away from the index, but they should look deeper than the headline numbers.
It can be useful to see how much room the highest-weighted companies in the index have to run before judging if it is worth owning. So let's look inside the Nasdaq 100 to see if it's still a buy after its incredible start to 2023.
Although the Nasdaq 100 started off hot, it has only returned to a level last seen in September 2022. In fact, it's still down 24% from its all-time high. This makes it a consideration for investors, but the companies inside also look attractive.
Source Fool.com
