2 Stocks to Buy Hand Over Fist Before the Nasdaq Soars Higher in 2023
The Nasdaq-100 index started 2023 on a positive note with gains of more than 5% as of this writing. And there are chances that it could have a better year following a big slide in 2022 that saw the index lose a third of its value amid surging inflation that led the Federal Reserve to raise interest rates.
It is worth noting that the Nasdaq-100 has a history of bouncing back strongly following a down year. If that's indeed going to be the case in 2023, investors might want to load up on a couple of Nasdaq stocks that sustained a big beating over the past year.
Shares of Amazon (NASDAQ: AMZN) and Airbnb (NASDAQ: ABNB) are down 39% in the past year. Let's look at why buying these stocks could be a solid move based on a potential Nasdaq rally.
Source Fool.com
