Tech Sell-Off: 2 Growth Stocks to Buy, and 1 to Sell
The technology sector is enduring one of the steepest sell-offs since the 2001 dot-com bust, with the Nasdaq-100 index officially in a bear market after plunging 29.4% from its all-time high. But while there are some similarities to the crash 21 years ago, there are also some comforting differences.
Most of the technology stocks down 50% or more from their all-time highs right now are real businesses with real revenue. Many are even profitable and, in some cases, their revenue is growing by triple-digit percentages. In the early 2000s, the majority of the companies that folded never were able to earn their first dollar.
That big difference makes a strong case that the sector will eventually enter a new bull market with most of the previously popular names pulling through this tough period. Here are two stocks to consider buying ahead of a potential resurgence, and one to steer clear of.
Source Fool.com
