FVRR - 2 Unstoppable Stocks That Could Go Parabolic in 2023
Being a tech investor isn't easy these days, and no one can say when this volatile environment will end. Some analysts on Wall Street are predicting that it could be 2024 before investors really start to see an economic turnaround, which would of course portend well for higher-growth, tech-oriented businesses. Until then, investors may be in for more choppy waters ahead.
Even so, if you're buying stocks with a minimum investment horizon of three to five years or longer, the ebb and flow of the market in the coming months shouldn't put you off investing in companies that align with your risk tolerance and portfolio goals. If you're looking to add to your portfolio right now, here are two powerhouse stocks on sale that you may want to put on your list of buys.
Fiverr (NYSE: FVRR) is one of the leading platforms capitalizing on the gig economy -- a phenomenon that was well underway before the pandemic and is set to see explosive growth in the years ahead. According to a study conducted by McKinsey in 2022, approximately 36% of the U.S. workforce are members of the gig economy, a notable increase from the 27% reported in 2016.
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2 Unstoppable Stocks That Could Go Parabolic in 2023