Published on 12 Jul 2022 on InvestorPlace via Yahoo Finance
7 Wildly Oversold Nasdaq Stocks to Buy Now
In most circumstances, investors should avoid catching a falling knife. However, speculators who understand the risks involved may want to consider wildly oversold Nasdaq stocks to buy now. Historically levered to the technology sector, the Nasdaq exchange features a wide range of eclectic and exciting businesses, many with tremendous upside potential — if you have the nerve to participate.
The last point is an important one to consider. While the benchmark S&P 500 index is down 19% on a year-to-date (YTD) basis, the Nasdaq Composite index is down 27% — basically mired in correction territory. At the same time, the wildly oversold Nasdaq stocks to buy feature a much greater “spring-back” potential effect.
Naturally, the prospects of ridiculous, possibly lifechanging profitability keeps people coming back for more. If you can control your emotions and know when it’s time to call it quits without any debilitating regrets, the oversold Nasdaq stocks to buy could be a strong addition to your portfolio. Just shore up your money management tactics before you proceed.