2 Top Growth Stocks to Buy Hand Over Fist in the Nasdaq Correction
The Nasdaq has been a surefire winner over the past two years, soaring in the double digits annually. Investors were optimistic about the potential for a lower interest rate environment ahead and the fact that such a backdrop could benefit high-growth companies. Declining rates makes it easier for them to borrow to expand -- and offer potential customers more buying power. All of this has fueled revenue growth, and investors have particularly favored companies in the hot areas of artificial intelligence and quantum computing.In recent days, though, the momentum has screeched to a halt -- and the tech-heavy benchmark even slipped into correction territory, falling more than 10% from its last peak, on Thursday of last week. What's weighing on the market? Investors have been concerned about the economy, especially in light of President Trump's launch of tariffs on imported goods from China, Canada, and Mexico. Though the Nasdaq moved out of the correction zone, ending the week down less than 10% from its latest peak, many top Nasdaq stocks still remain in the doldrums, offering investors some great buying opportunities.Now, when you think Nasdaq, you may immediately think of tech stocks, but the index also includes growth players across a variety of other industries -- so today's declines offer you a chance to pump up your exposure to growth well beyond just the tech arena. Let's check out two high-quality growth stocks to buy hand over fist right now.Continue reading
The Nasdaq has been a surefire winner over the past two years, soaring in the double digits annually. Investors were optimistic about the potential for a lower interest rate environment ahead and the fact that such a backdrop could benefit high-growth companies. Declining rates makes it easier for them to borrow to expand -- and offer potential customers more buying power. All of this has fueled revenue growth, and investors have particularly favored companies in the hot areas of artificial intelligence and quantum computing.
In recent days, though, the momentum has screeched to a halt -- and the tech-heavy benchmark even slipped into correction territory, falling more than 10% from its last peak, on Thursday of last week. What's weighing on the market? Investors have been concerned about the economy, especially in light of President Trump's launch of tariffs on imported goods from China, Canada, and Mexico. Though the Nasdaq moved out of the correction zone, ending the week down less than 10% from its latest peak, many top Nasdaq stocks still remain in the doldrums, offering investors some great buying opportunities.
Now, when you think Nasdaq, you may immediately think of tech stocks, but the index also includes growth players across a variety of other industries -- so today's declines offer you a chance to pump up your exposure to growth well beyond just the tech arena. Let's check out two high-quality growth stocks to buy hand over fist right now.
