History Says the Nasdaq Will Soar: 2 Growth Stocks to Buy Now, According to Wall Street
The Nasdaq Composite (NASDAQINDEX: ^IXIC) closed in correction territory on Aug. 2 for the first time since early 2022. The impetus behind the decline was a disappointing jobs report that hinted at a weakening economy. However, the growth-focused index has since rebounded 4%, and history says it could climb even higher in the coming months.
The Nasdaq has suffered 11 corrections in the last 15 years, through which the index returned a median of 25% during the 12 months following its first close in correction territory. That implies 21% upside by August 2025. Of course, past performance is never a guarantee of future results, but Wall Street analysts are generally bullish on two Nasdaq stocks:
Here's what investors should know.
Source Fool.com
