2 Tech Stocks to Buy on this Market Dip -Breaking
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© Reuters. This Market Dip: 2 Stocks of Tech to BuyIt’s been a rough start to the week so far for the Nasdaq-100 Index (QQQ), which has given up more than 2% ahead of the much-awaited and final Federal Reserve Meeting for December. The good news is that market volatility breeds opportunity if investors don’t panic and are patient to buy some of the highest-quality names at a deep discount to their fair value. Currently, two names are beginning to look much more interesting from a valuation standpoint within the Nasdaq-100, with these being PayPal (NASDAQ:) and Netflix (NASDAQ:).It’s been a rough start to the week so far for the Nasdaq-100 Index (QQQ), which has given up more than 2% ahead of the much-awaited and final Federal Reserve Meeting for December. There is a possibility that Fed Chairman Jerome Powell, who has been displaying persistently high inflationary readings could speed up the pace of Fed bond purchases and push for the first rate rise. This has had an outsized impact on the Nasdaq-100 Index, given that this is where the valuations are the most expensive, which has only been able to be justified by the low-interest-rate environment we’re in currently.
The good news is that market volatility breeds opportunity if investors don’t panic and are patient to buy some of the highest-quality names at a deep discount to their fair value. The Nasdaq 100 is beginning to see two companies that are more appealing from a value standpoint: PayPal (PYPLL), and Netflix(NFLX). Let’s take a closer look at both companies below:
(Source: TC2000.com)
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