Got $3,000? 3 Tech Stocks to Buy and Hold for the Long Term
It appears election-year jitters have caused many winning tech stocks to sell off recently, despite most posting sterling results. Why? Who knows. It could be any number of reasons. Some investors may fear higher corporate taxes. Some portfolio managers may be locking in gains and reallocating to more beaten-down stocks. Very wealthy investors nearing retirement may also be looking to sell with an eye on potential capital gains tax increases for those making over $1 million per year.
Whatever the reason, winning stocks with great management teams, large competitive advantages, and long growth runways tend to keep winning. That makes times of market volatility opportunities to pick up shares at a discount. High-quality growth stocks like Amazon (NASDAQ: AMZN), Lam Research (NASDAQ: LRCX), and CrowdStrike (NASDAQ: CRWD) look like solid pickups today.
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Source Fool.com
