|Bid||1,134.21 x 800|
|Ask||1,141.95 x 900|
|Day's Range||1,021.57 - 1,154.97|
|52 Week Range||305.30 - 1,499.75|
|Beta (5Y Monthly)||1.56|
|PE Ratio (TTM)||436.68|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Tech investors have enjoyed some big gains over the past year, but some are starting to get anxious. Concerns that rising bond yields and more government stimulus could eventually lead to inflation have spooked some investors who've been putting their money into high-growth tech stocks during the pandemic. Danny Vena (Shopify): With all the market craziness we've seen over the past couple of weeks, it's difficult to know if this is merely a sector rotation out of tech stocks and into pandemic reopening plays, or if we're on the verge of a full-fledged market crash.
Few investors expressly wish for a market crash, but it's important to make the most of it if (or rather, when) it occurs. In that spirit, here are two excellent growth stocks that investors should consider buying during the next downturn: Intuitive Surgical (NASDAQ: ISRG) and Shopify (NYSE: SHOP). Intuitive Surgical has its detractors, and at the moment, it isn't too difficult to find reasons to be skeptical of the company's prospects.
The tech selloff has gotten ugly. The stocks that led last year’s rally are getting hammered, pressured by rising interest rates. Since hitting an all-time high on Feb. 12, the Nasdaq Composite is down 8.3% in just three weeks.