Tech Turbulence: 1 Growth Stock to Buy on the Dip and Hold
2022 has been a bumpy year for the stock market, and there isn't an end in sight just yet. The technology-focused Nasdaq-100 index is trading deep in bear market territory with a loss of over 30% year to date, and many individual tech stocks have fared much worse, some down as much as 70% in 2022.
But there are some companies having a slightly better year than the broad market, because their businesses are less exposed to the effects of higher interest rates and slower economic growth. Duolingo (NASDAQ: DUOL) is one of them, down a less unnerving 24%. It's a global leader in digital language education, and its growth phase might be just getting started.
Here's why it's a solid bet amid turbulent market conditions.
Source Fool.com
