The Nasdaq-100 Has Soared 38% in 2023, but History Says It's Not Done -- 2 Stocks to Buy Right Now
After a 33% plunge in 2022, the Nasdaq-100 technology index is on the road to recovery in 2023 with a 38% gain so far. The powerful rally is in line with historical data suggesting the index tends to bounce back with a vengeance following a down year.
Since 1986, the Nasdaq-100 has only declined in consecutive years on one occasion: during the dot-com tech bust from 2000 to 2002. Every other time the index suffered an annual loss (1990, 2008, and 2018), it came roaring back the very next year.
But here's the kicker: Its average return in those bounce-back years was 52%! Therefore, since the index is only up 38% so far in 2023, there's room for further gains ahead. If history repeats, here are two stocks investors will want in their portfolios.
Source Fool.com
