Investors are quite anxious about the nation entering a recession over the next year or two. This concern is the primary reason why the stock market is down so dramatically in 2022, despite some good unemployment and pay data until midyear. Given this fear, it is probable that the highest gains will go to investors with longer time horizons than the majority of Wall Street. That ability is particularly essential during a weak market when short-term worries dominate headlines.
With that in mind, let’s look at two appealing tech stocks worth keeping during a possibly turbulent time ahead. Continue reading for compelling reasons to invest in Netflix ( NASDAQ:NFLX -1.08%) and Garmin ( NYSE:GRMN -1.23%).
Best Tech Stocks to Buy
1. Netflix Stock
Netflix stock ( NASDAQ:NFLX ) might be on its way back into Wall Street’s good graces. The shares of the streaming video behemoth dropped during most of 2022 as growth ceased. The competition looks to be taking its toll, as a deluge of popular TV and movie releases failed to attract new customers in the year’s first half.
However, dismissing Netflix today would be a mistake. With its forthcoming earnings report (on October 18), the firm hopes to soon return to growth, and it has many more potential sales lines to pursue. These include video games and a crackdown on tens of millions of shared login accounts. Last week, the firm revealed that a new ad-supported service tier would be available beginning November 3.
In an age of shrinking entertainment expenditures, Netflix’s service may become even more beneficial, particularly with the imminent debut of its ad-supported price tier. And the firm has already strengthened its financial position, having just reached positive cash flow while aiming for many more years of growth in that c...
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