Nasdaq Bear Market: 2 Stocks I'm Buying During a Recession
2022 has been an especially poor year for technology stocks. The Nasdaq-100, which tracks some of the largest publicly traded technology businesses worldwide, is down 27% year to date after going through a huge bull market over the last decade. The downturn is related to investor worries about rising interest rates, geopolitical tensions, ongoing supply chain issues, unfavorable foreign exchange rates, and many other factors that could hurt the profitability of these sectors in the short run. There is also the looming threat of a full-blown recession in the U.S. economy.
While these concerns may prove valid over the next few quarters, this downturn is likely to be more of a short-term issue. For long-term investors, that presents a fantastic buying opportunity on some stocks trading at a discount right now. Let's take a look at two great Nasdaq stocks that are worth a closer look at as the economy toys with a recession.
Amazon (NASDAQ: AMZN) is one of the largest businesses in the world -- dominating the e-commerce and cloud computing markets -- but took its lumps during a tough 2022. Shares are down nearly 41% so far this year, which trails all its relevant market and sector indexes. Investors are concerned about a lack of profitability (free cash flow went sharply negative over the last year or so) and a slowing e-commerce market.
Source Fool.com
