FB - 3 Rock-Solid Growth Stocks to Own in a Stock Market Crash
If 2020 has taught Wall Street and investors anything -- aside from the fact that stock market crashes are an inevitable part of the investing process -- it's that staying the course with great companies is a smart move.
Uncertainty tied to the unprecedented coronavirus disease 2019 (COVID-19) pandemic initially sent the benchmark S&P 500 screaming lower by 34% in a matter of 33 calendar days. However, it only took 11 weeks for the broad-based index to regain approximately 80% of what it lost, with the tech-heavy Nasdaq Composite pushing to a new all-time high. While there's no question that the stock market and U.S. economy aren't always linked at the hip, there's clear value in thinking long-term and buying rock-solid growth stocks with a time-tested track record during periods of panic.
When the next stock market crash does strike, here are three rock-solid growth stocks you'd be wise to own.