3 Stocks I'm Buying During a Tech Stock Correction
Tech stock investors have had a rough three months. The Nasdaq Composite Index has declined by around 16.6% from its peak back in mid-November as the growing prospect of higher interest rates has dampened investors' risk appetites. Some investors are panicking and selling. But smart investors with a long-term mindset should view this price drop as an opportunity to accumulate shares in well-run companies on the cheap.
Of course, not all growth stocks will recover fully from this recent (and prolonged) slump, so it pays to be careful when selecting tech companies trading at correction-level prices. The pandemic led to a surge in valuations for a wide swath of such stocks, and a combination of higher rates and perceived slower growth resulted in the sharp crash we've been seeing.
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Source Fool.com
