SNOW - Nasdaq Bear Market: 3 Stocks to Buy Hand Over Fist
The year is drawing to a close, and for many investors, it will be a year best forgotten. Unless things significantly change, the Nasdaq Composite is likely to be down for the year and post its largest yearly decline since 2008.
Still, its not all bad news. Bad years for the Nasdaq often turn out to be great times to start an investment. After declines in 2008 (down 41%), 2011 (down 2%), and 2019 (down 4%), the Nasdaq posted an average gain of 32% the following year.
There are very likely to be bargains waiting to be found in this year's tech stock wreck. Here are three Nasdaq bear market stocks that, in the opinion of three Motley Fool contributors, are worth buying hand over fist before the year is out: PubMatic (NASDAQ: PUBM) , GitLab (NASDAQ: GTLB) , and Snowflake (NYSE: SNOW).
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Nasdaq Bear Market: 3 Stocks to Buy Hand Over Fist