Have $419? Buy These 2 Overlooked Tech Stocks for 10X Gains
The first half of 2022 is a period that growth stock investors would like to forget ever happened. The Nasdaq Composite index, which is laden with innovative tech companies, collapsed an unimaginable 29.5% in the first six months of the year.
With interest rates on the rise, cash flows far into the future are worth a lot less now, and this situation could get worse before it gets better. The Federal Reserve is determined to tame inflation by raising interest rates even if it pushes the prices of growth stocks down into the dirt.
Rising rates are troublesome, but the beatings received by Upstart Holdings (NASDAQ: UPST) and Zoom Video Communications (NASDAQ: ZM) have gone way too far. Unlike most disruptive tech businesses that went public in late 2020 and early 2021, both of these companies are producing positive cash flows now.
Source Fool.com
