Tech Sell-Off: 1 Top Growth Stock Down 59% to Buy Before It Starts Soaring
One of the most important lessons an investor can learn is that as painful as they may be, bear markets are historically the best time to get industry-leading stocks at unprecedented bargains. Why? A falling market tends to take down both winning companies and their weaker counterparts, throwing out the baby with the bathwater, as the old saying goes.
Perhaps one of the best examples of this phenomenon is Salesforce (NYSE: CRM). The software-as-a-service (SaaS) pioneer is the leading provider of customer relationship management (CRM) solutions but has experienced a stock price decline of 59%, despite a strong history of growth and its industry-leading position.
Can Salesforce overcome the current tempest that has rocked its stock in 2022? Let's step back and look at the big picture.
Source Fool.com