2 Growth Stocks That Could Go Parabolic
Growth stocks tend to experience major declines during a market downturn. This was especially evident in 2022, when the Nasdaq Composite index plunged 33% as companies faced an economic downturn.
The Nasdaq is known for its wealth of tech stocks, an industry driven by innovation with a reputation for long-term growth. As a result, many of the world's most valuable companies saw their share prices fall during the year. However, the same index has climbed 68% since Jan. 1, 2023, proving tech's ability to recover and surge if just held long enough.
Recent shifts in the industry and macroeconomic concerns have once again hit growth stocks and caused the Nasdaq to dip over the last month. Consequently, now could be an excellent time to expand your portfolio with companies that could see big gains over the next decade.
Source Fool.com
