Tech Sell-Off: 2 Growth Stocks to Buy, and 1 to Sell
After a stunning rally from the March 2020 pandemic low point, which saw the technology-centric Nasdaq-100 index more than double, it has since seen a partial reversal and is now officially in bear market territory.
Bear markets are generally defined by a prolonged decline in an index (or a trading sector) of at least 20% from recent highs. The Nasdaq-100 has comfortably surpassed that with a current loss of 26% from its all-time high set in November 2021. The broader S&P 500 isn't far behind, having lost 16% over roughly the same period.
Further increases in interest rates, paired with global geopolitical tensions and a slowing economy suggest investors will need to be more selective with their stock picks compared to the last two years. With that in mind, here are two growth stocks worth buying now, and one to avoid.
Source Fool.com
