After the technology sector’s recent meltdown that saw the Nasdaq 100 index plummet by more than 20% and cross the bear market threshold at its nadir, tech stocks have been racing higher.
Between March 14 (the Nasdaq’s low point) and March 28, the tech-laden index has gained 14%, while the S&P 500 is up almost 9%, and the Dow Jones Industrial Average is up just 5.3%. Semiconductors are leading the way back, with stocks like Nvidia and Intel posting double-digit gains.
Obviously, no one knows in advance when markets will crash nor when they will reach inflection points and turn upward again, which is why it pays to not take your money out of stocks when times look bleak. Instead, the right course is to remain in the market, and if possible to take advantage by buying shares of good companies that have been beaten down.
Although the Nasdaq 100 has cut its losses by more than half, there are still good bargains in the tech sector — among them, this pair of companies with explosive growth potential.
Palantir Technologies ( PLTR -0.40% ) is a data analytics shop that once crunched numbers solely for shadowy agencies in the spy world and national security state, but has since expanded into Big Data for enterprise-level businesses.
The stock has… Continue reading at Fool.com