With the Nasdaq in Correction Territory, I've Got My Eye on These 2 Stocks
Just weeks after the Nasdaq Composite flirted with a new all-time high, the tech-heavy index has sunk into a correction (defined as a pullback of at least 10%).Concerns about President Trump's trade wars, weakening consumer confidence, and stretched valuations have rapidly flipped investor sentiment on its head. Fears of a looming recession are also swirling around the market.While it's frustrating to see the value of your portfolio shrink, seasoned investors know that stock market sell-offs can create excellent buying opportunities as otherwise promising growth stocks tend to get hit by investors rushing to lock in gains and protect themselves from further price declines.Continue reading
Just weeks after the Nasdaq Composite flirted with a new all-time high, the tech-heavy index has sunk into a correction (defined as a pullback of at least 10%).
Concerns about President Trump's trade wars, weakening consumer confidence, and stretched valuations have rapidly flipped investor sentiment on its head. Fears of a looming recession are also swirling around the market.
While it's frustrating to see the value of your portfolio shrink, seasoned investors know that stock market sell-offs can create excellent buying opportunities as otherwise promising growth stocks tend to get hit by investors rushing to lock in gains and protect themselves from further price declines.
