Three Tech Stocks To Load Up On In A Nasdaq Correction

human hand holding plasma ball

Image Source: Unsplash

By some estimates, more than 10 million newly minted investors have come into the market, guns blazing, since the pandemic began to shut the country down a year ago.

These folks have made their presence known in more ways than one – GameStop Corp. (NYSE: GME) comes to mind, as does the 4% jump in trading volume we saw in 2020.

That fresh investing "firepower" has helped push stocks to highs that were virtually unthinkable on March 23, 2020, the markets' COVID-19 Crash nadir. In the year since, the Nasdaq Composite, the market's "home of tech," has gone as far as 105%; in my view, that's the perfect illustration of just how powerful a wealth-building machine tech is.

But notice I said, "as far as" there.

The Nasdaq peaked on Feb. 12 and has fallen as low as 10.5%, into a textbook market correction. Capital is, for the moment, rotating out of many tech stocks and into cyclicals, energy, materials – "recovery stocks" ahead of the rapidly unfolding pandemic recovery.

But the Nasdaq rallied with conviction yesterday, which tells me the next leg up may begin sooner than most realize. There may not be much time to move on the stocks I'm going to name in a second.

Let me be clear: This is nothing less than the buying opportunity of the year. If you're one of the new 30 million investors, this is your big chance to add some truly foundational tech stocks to your holdings.

And if you've been around the block a few times or this isn't your first connection, you've got a rare chance to build on these positions for even bigger profits during the rest of 2021…

$9.1 Trillion in Wealth-Building Power Just Went on Sale

Owning the kinds of tech stocks I research for my Nova-X Report subscribers can be a great place to get a crack at building tech wealth, and there are three that I recommend for absolutely everybody, no exceptions. With two investments, you stake a claim to the cream of the tech sector. After all, like I always say, the road to wealth is paved with tech.

1 2 3 4
View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.