2 Software Stocks to Buy Hand Over Fist, and 1 To Avoid
The state of growth tech stocks has changed dramatically over the last nine months. Many flew high until late last year, but amid the bear market, a few have fallen more than 80% from their 52-week peak.
This means that many of these stocks have become great buys. Nonetheless, a few remain on the avoid list, meaning investors should remain selective with where they add positions. With an understanding of these factors, investors may want to consider Duolingo (NASDAQ: DUOL) and Roku (NASDAQ: ROKU), while steering clear of Fastly (NYSE: FSLY).
Jake Lerch (Duolingo): Occasionally, we can get lost in a sea of numbers when researching stocks. Scrutinizing revenue, earnings, and free cash flow can make the eyes glaze over. And yes, all these figures are important. But ultimately, if a company can provide customers with a life-changing product, that company is likely to succeed -- and enrich its shareholders in the process. Just ask longtime shareholders of Apple, Tesla, or Microsoft.
Source Fool.com
