4 Beaten-Down Tech Stocks Poised to Rebound in 2023 – The Motley Fool
A turnaround in tech could be swift and steep.
As we look back on 2022, it’s easy to lose sight of the fact that the stock market and our portfolios don’t reset each calendar year. Yes, a new year is an excellent time to review, plan, and rebalance, but the business cycle and our long-term financial goals continue. As bad as 2022 was, the SPDR S&P 500 Trust ETF has returned 56% over five years and 224% over the last ten, including dividends. The return is barrels more than inflation, bonds, and gold and certainly better than stashing cash in a saving account, as shown below.
The simple truth is that stocks have to go down sometimes. But they can come roaring back quickly; look at the recovery after the March 2020 crash.
Tech stocks in particular had a rough time in 2022, but these companies integrate every facet of our lives and the economy. This makes many of them prime candidates to turn around quickly.
Amazon (AMZN -1.17%), Taiwan Semiconductor (TSM 1.74%), Palo Alto Networks…
The post 4 Beaten-Down Tech Stocks Poised to Rebound in 2023 – The Motley Fool first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/01/04/4-beaten-down-tech-stocks-poised-to-rebound-in-2023-the-motley-fool_2023010438759.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.