3 Growth Stocks to Buy In the Worst Nasdaq Bear Market In 10 Years
A bear market is defined by a decline in the value of a financial asset or index of 20% (or more). Right now, the Nasdaq-100 technology index is down by 29% in 2022 so far, and if the year ended here, that would be its worst performance in the last decade. In fact, it would be the steepest annual drop since the 2008 global financial crisis.
But it doesn't have to be all bad news for investors. Bear markets tend to result in broad-based selling, which means many quality stocks get tossed aside -- and that spells opportunity for investors willing to put money to work, especially with the long term in mind.
A panel of Motley Fool contributors have identified Datadog (NASDAQ: DDOG), Pinterest (NYSE: PINS), and Arista Networks (NYSE: ANET) as three stocks to buy in the thick of this bear market. Here's why.
Source Fool.com
