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Fundamental
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25.03.2025 09:51:00
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Meet the Only Stock I've Purchased During the Nasdaq Correction
Over the last five weeks, investors have been given a needed but potentially unpleasant reminder that stocks don't move higher in a straight line. Between Feb. 19 and March 21, the widely followed Dow Jones Industrial Average, broad-based S&P 500 (SNPINDEX: ^GSPC), and growth stock-powered Nasdaq Composite (NASDAQINDEX: ^IXIC) respectively shed 5.9%, 7.8%, and 11.3% of their value.You'll note the double-digit percentage decline for the Nasdaq Composite firmly placed this market-leading index in correction territory.While stock market corrections are traditionally a great time to do some bargain hunting, a historically pricey market has made me think twice about pulling the trigger. During this five-week downturn, there's only one stock I've purchased -- and it's quickly become one of my core holdings.Continue readingWeiter zum vollständigen Artikel bei MotleyFool