History Suggests the Nasdaq Could Soar In 2023 -- 1 Stock-Split Stock Wall Street Says to Buy Hand Over Fist
Investors can be forgiven for treading cautiously when it comes to technology stocks right now. The Nasdaq-100 index, which hosts 100 of the largest tech stocks listed on the Nasdaq exchange, sank 33% in 2022, which has left many portfolios battered and bruised.
But what if that's good news for 2023? See, the Nasdaq-100 almost never falls two years in a row. It has only happened on one occasion -- and that was during the dot-com bust in 2000 to 2002. The index actually tends to soar by an average of 51% in the first positive year following a loss.
Since the Nasdaq-100 is already up 10% year to date in 2023, history might be set to repeat. If it does, cybersecurity giant Palo Alto Networks (NASDAQ: PANW) could be a big winner on the back of an overwhelmingly bullish consensus among Wall Street analysts.
Source Fool.com
