7 Tech Stocks to Buy Before the Bull Market Returns
Although it may seem a counterintuitive move to make, patient investors may want to consider tech stocks to buy. To be clear, the pain in the innovation segment presents significant concerns. While the tech-heavy Nasdaq gained about 11% in the trailing month, it’s down approximately 18% for the year. The Nasdaq also underperforms the benchmark SP 500 , which is down 11% on a year-to-date basis. Still, some extenuating circumstances exist that provide some confidence for tech stocks to buy. First, the supply chain disruption that the coronavirus pandemic imposed earlier this year continues to rear its ugly head. Mainly, China’s draconian approach to Covid-19 translated to hardships around the globe . As well, even data centers reported headwinds associated with constrained supply chains. While problematic, these concerns represent temporary problems. At some point, they will fade into the rearview mirror. Another factor to consider is the Federal Reserve’s aggressive actions against soaring inflation.
7 Tech Stocks to Buy Before the Bull Market Returns
Although it may seem a counterintuitive move to make, patient investors may want to consider tech stocks to buy. To be clear, the pain in the innovation segment presents significant concerns. While the tech-heavy Nasdaq gained about 11% in the trailing month, it’s down approximately 18% for the year. The Nasdaq also underperforms the benchmark SP 500 , which is down 11% on a year-to-date basis. Still, some extenuating circumstances exist that provide some confidence for tech stocks to buy. First, the supply chain disruption that the coronavirus pandemic imposed earlier this year continues to rear its ugly head. Mainly, China’s draconian approach to Covid-19 translated to hardships around the globe . As well, even data centers reported headwinds associated with constrained supply chains. While problematic, these concerns represent temporary problems. At some point, they will fade into the rearview mirror. Another factor to consider is the Federal Reserve’s aggressive actions against soaring inflation.