CRM - Tech Sell-Off: 2 Unstoppable Stocks to Buy and Hold for the Next Decade
The stock market has struggled in recent months, especially in the tech sector. Investors are increasingly worried about the economic impact of high inflation and potential interest rate hikes, both of which threaten to slow consumer spending. More recently, geopolitical tension between Russia and Ukraine added another item to Wall Street's list of concerns. Those countries play an important role in suppling commodities like oil, wheat, and corn, meaning any conflict in the region could reduce global supplies and drive inflated prices even higher.
As always, the current macroeconomic environment is temporary, and these headwinds will eventually pass. In the meantime, many high-quality tech stocks are trading well-below their highs. For instance, Salesforce (NYSE: CRM) and Axon Enterprise (NASDAQ: AXON) have fallen 33% and 28%, respectively. And now looks like a good time to scoop up a few shares.
Here's what you should know.
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Tech Sell-Off: 2 Unstoppable Stocks to Buy and Hold for the Next Decade