ABNB - 3 Top Stocks That Could Lead a Market Rebound
High inflation is causing consumers to tighten their belts this year, with staples like gas setting all-time highs on a price-per-gallon basis. It has prompted the Federal Reserve to take aggressive action, raising the benchmark interest rate by 50 basis points in May, which is double the typical 25-basis-point increase, in an attempt to cool prices. Higher rates have wreaked havoc on high-flying stocks in the technology sector, plunging the Nasdaq-100 index into a bear market as investors rein in their growth expectations.
While the short-term volatility is unsettling, it's important to focus on the long run when investing. History is proof that bear markets don't last forever, so now could be a great time to put money to work in heavily discounted stocks. A panel of three Motley Fool contributors have identified Fiserv (NASDAQ: FISV) , The Trade Desk (NASDAQ: TTD) , and Airbnb (NASDAQ: ABNB) as potential leaders when the tech sector's resurgence eventually happens. Here's why.
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3 Top Stocks That Could Lead a Market Rebound