3 Stocks to Add to Your Portfolio in a Market Pull-Back
Depending on your investing style, market pull-backs can be scary or exciting. I view them as a little bit of both. They are exciting because they allow me to purchase shares of my best investments on sale. But it's also OK to have fears during a downturn, as no one likes to see losses in a portfolio. Regardless, all investors must know their capacity for risk and how they react when tough times come (because downturns always eventually occur).
High-growth stocks are usually higher valued than more established businesses. Their prices also tend to be more volatile from day to day. When these valuations take a steep dive in bad times, they present long-term investors with some fantastic buying opportunities. Should an extreme event happen that indirectly affects these companies and causes a price pull-back, three stocks I'd buy are CrowdStrike (NASDAQ: CRWD), Snowflake (NYSE: SNOW), and Veeva Systems (NYSE: VEEV). These companies have lots of high growth potential and provide a vital product to their customers.
Image source: Getty Images.
Source Fool.com
