3 Beaten-Down Growth Stocks to Buy During the Tech Sell-Off
The market tends to overcorrect. In 2021, tech stock valuations were extremely elevated, and now many have swung too far to the downside. Investors tend to throw away exceptional companies right along with mediocre ones when broad market events happen.
Investors might be tempted to remain on the sidelines in the hope of catching the market's bottom, but keen investors use this period to their advantage. And while tech stocks have corrected, remember that the technology these companies deploy still powers our daily lives. Many are leaders in fast-growing industries and highly profitable.
Dollar-cost averaging, or purchasing incrementally, is an excellent risk-mitigation strategy -- allowing long-term investors to capitalize on lower prices without market timing. Let's look at some intriguing tech opportunities now.
Source Fool.com
