History Says the Nasdaq Could Soar: 2 Top Growth Stocks to Buy Now and Hold for the Bull Market
The Nasdaq Composite (NASDAQINDEX: ^IXIC) is 16 months into a bull market and the index has already soared 53%, but history says it could move much higher in the next couple years. The Nasdaq returned an average of 215% during the eight bull markets since 1990, and it realized those gains over an average of 40 months.
If the current bull market aligns with that average, the Nasdaq will gain another 162% during the next two years. That implies annual returns above 60%, which is highly unlikely given the economic uncertainty. But whichever direction the wind blows in the near term, history says the index is headed much higher in the long term. The Nasdaq returned 15% annually over the last decade and similar results are likely during the next decade.
Investors hoping to capitalize on that momentum should buy a few shares of Amazon (NASDAQ: AMZN) and The Trade Desk (NASDAQ: TTD). Here's why.
Source Fool.com
