The tech-heavy Nasdaq Composite was the worst-performing major U.S. market index in 2022 amid a bear market that lasted for much of the year. But investors have returned to this index again, as evidenced by its strong performance since 2023 started -- and with good reason.

The Nasdaq is home to plenty of companies that generate strong financial results, have excellent long-term prospects, and benefit from solid competitive edges. Let's look at two companies that fit that description well: Airbnb (NASDAQ: ABNB) and Etsy (NASDAQ: ETSY). 

Airbnb is a leading home-rental platform with an ecosystem of more than 4 million hosts. One of the company's selling points is that guests often prefer a "homey" environment that offers more privacy and amenities than traditional hotels do.

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Source Fool.com