Buy These 3 Tech Stocks if the Market Crashes
The Nasdaq has risen 35% over the past 12 months as many investors have looked at tech stocks as safe havens during the COVID-19 crisis. But that rush also inflated the valuations of many attractive tech companies to unattractive levels.
As a result, it's tough to find any bargains in this frothy market which still faces unpredictable headwinds, including the presidential election, the gridlock regarding a stimulus deal, a second wave of COVID-19 infections, and the ongoing trade war with China. Those challenges could cause the market to crash. But instead of panicking, investors should see if the crash reduces the valuations of some pricey tech stocks to reasonable levels again.
Here are three stocks which I'd consider buying if the market crashes: Snowflake (NYSE: SNOW), MercadoLibre (NASDAQ: MELI), and Pinterest (NYSE: PINS). Let's find out a bit more about them.
Source Fool.com
