2 Stocks I Want to Buy in the Tech Stock Crash
Although the Nasdaq Composite (NASDAQINDEX:^IXIC) is only 5% off its all-time high, some of the technology stocks that make up the index have seen dramatic sell-offs. Companies that have seen the most appreciation in stock price over the past year have experienced the sharpest declines. A big reason may be the decline in U.S. COVID cases, which have dropped 33% in the past two weeks. Another culprit could be the rise in interest rates, which have crept up 25% in the past three months.
Two growth stocks that have gone from favorites to the doghouse are DocuSign (NASDAQ: DOCU) and Snowflake (NYSE: SNOW). Despite the recent stock performance, both businesses are still putting up impressive numbers. Each has tailwinds that make a tech stock crash a great time to pick up shares for long-term investors.
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Source Fool.com
