Want to Beat the Dow Jones? Buy and Hold This Growth Stock
Compared to other market indices, the Dow Jones Industrial Average isn't having such a bad year. The 30-stock index of some of the country's largest corporations is down a little less than 10% after Monday's close -- barely out of correction territory. But that's much better than the S&P 500, which is down 13.6% and at one point had dipped over 20% from where it started. So, too, when looking at the tech-heavy Nasdaq 100, which continues to nurse losses over 20%.
Beating the Dow is no small feat these days, while high inflation, elevated energy prices, and rising interest rates signal a recession is upon us. Yet difficult doesn't mean impossible, and investors should be thinking long term -- as in decades ahead, not the next few months.
With that frame of reference, topping the Dow's performance is well within reach, and Axon Enterprise (NASDAQ: AXON) is one stock that can help you achieve it.
Source Fool.com
