1 Nasdaq Stock Down 52% to Buy in 2022
This year has not been kind to most tech stocks. The Nasdaq Composite was down a brutal 28% through mid-December, and many of its members posted even worse results.
Some of those slumps made sense given the rapidly declining earnings prospects in niches like digital advertising and e-commerce. But Wall Street also sold off high-performing, profitable stocks.
With that backdrop in mind, let's look at some reasons to buy Netflix (NASDAQ: NFLX) shares right now following the streaming video giant's drop of over 50% so far in 2022.
Source Fool.com
