ADSK - 1 Stable Tech Stock to Buy if There's a Stock Market Sell-Off
The stock market has been incredibly volatile, especially among growth stocks . With many companies falling 40%, 50%, or even 60% off their all-time highs, it can be painful to endure these steep losses. Therefore, many investors might look for more resilient companies for their portfolios.
Autodesk (NASDAQ: ADSK) could be right for these investors. Shares of the design software business are down 27% year to date, which is much better than other tech stocks. Despite this lower short-term volatility, the company has still crushed the market over the past decade with over 550% returns. Therefore, if you're worried about another market dip and you're looking for a combination of growth and stability, Autodesk might be for you.
Image source: Getty Images.
For further details see:
1 Stable Tech Stock to Buy if There's a Stock Market Sell-Off