2023-04-02 07:05:00 ET
The Nasdaq-100 index hosts 100 of the largest technology stocks listed on the Nasdaq exchange. The index is up 19.7% to start 2023, which is a great result so far, but it remains down 21% from its all-time high. That means it's still firmly in bear market territory. But historical data suggests it might not be there for much longer , and the commencement of a new bull market could very well happen this year.
If it does, now might be a good time for investors to prepare their portfolios. That could mean buying new stocks, but also selling some that perhaps aren't set up for success in the long run. With that in mind, here are two growth stocks to buy now, and one to sell.
Cybersecurity has become a critical expense for most companies, especially those heavily reliant on cloud computing technology. SentinelOne (NYSE: S) is one of the fastest-growing players in the industry -- it more than doubled its revenue in fiscal 2023 (ended Jan. 31), yet its stock remains 80% below its all-time high.
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A Bull Market Is on the Way: 2 Growth Stocks to Buy, and 1 to Sell