The tech-heavy Nasdaq index, which is frequently used as a benchmark for the tech sector, has crashed into a bear market. The index has fallen 22% from its record high close last November.
However, as my colleague Max King points out, the valuations of many quality growth stocks are now either “attractive or very attractive,” after being dragged down with the rest of the market.
As I recently noted – If you’re going to buy FANG stocks today, these are the three to focus on – companies with substantial competitive advantages and unique products are likely to pull through this turbulence, while corporations that lack any conceivable advantages over the competition are likely to continue to struggle.
