Got $2,000? 3 Tech Stocks to Buy During a Correction
This has been a topsy-turvy year for Wall Street and the investing community. The unprecedented nature of the coronavirus disease 2019 (COVID-19) pandemic initially sent equities plunging to their fastest and steepest bear-market decline in history during the first quarter. This was followed by the quickest rally back to new all-time highs. Frankly, no one knows what to expect next.
One thing we do know is that the volatility that's been present throughout much of 2020 hasn't gone away. Late last week, equities suffered a substantive swoon, with the technology-dependent Nasdaq Composite losing more than 6% of its value in a two-day stretch.
The thing is, "tech wrecks" are actually a good thing -- at least if you're a long-term investor. That's because high-quality companies generally increase in value over the long run as operating earnings and cash flow expand. If this current dip in the broader market were to turn into a full-fledged correction (i.e., an unrounded decline of at least 10% from recent highs), investors should consider taking, say, $2,000 and buying into the following three high-growth tech stocks.
Source Fool.com
