DUOL - The Nasdaq Is Down 27%: It's Time to Buy These 3 Stocks
A bear market is cemented when an asset or index falls in value by 20% or more; by that definition, the Nasdaq-100 technology index is well and truly there with a loss of 27% from its all-time high. Some individual tech stocks are down significantly more than that, which can be intimidating for investors, but it's not all bad news.
A new bull market in the technology sector is a matter of when, not if. So, while you can't control when the bottom occurs, you can control the stocks you buy right now -- and given the steep discounts on offer, there are plenty of potential opportunities. Three Motley Fool contributors are eyeing Duolingo (NASDAQ: DUOL) , Confluent (NASDAQ: CFLT) , and DocuSign (NASDAQ: DOCU) thanks to their blockbuster earnings reports recently, which could pave the way for long-term growth.
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The Nasdaq Is Down 27%: It's Time to Buy These 3 Stocks