With the market well within bear market territory, many investors may wonder if it's time to pull money out of the market. However, I think the wiser move is to buy stocks.
While the short-term prospects may look grim, the long-term picture remains intact for many companies, including Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Autodesk (NASDAQ: ADSK) . So if you've got some cash on the sidelines, picking up a few shares of these two companies could make you look like a genius a few years later.
Alphabet is the parent company of YouTube, the Android operating system, and a wide range of Google products. While that may seem like a diversified company, it's highly concentrated on advertising. In fact, Alphabet derives more than 80% of its revenue from advertising sources.
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Have $1,000? These 2 Stocks Could Be Bargain Buys for 2022 and Beyond