The Nasdaq Composite has been mired in bear market territory since late 2021, down 31% from its peak.[0] But despite the massive downturn, many investors see this as a unique opportunity to scoop up high-quality stocks at a discount.[1] With the Federal Reserve slowing the pace of rate hikes this year and possibly beginning rate cuts in 2024, the Nasdaq Composite could be poised for a rebound.
The index dropped 33.1% in 2022, marking the fourth-worst decline since it was created in 1971.[2] Despite the volatility, patient investors may reap the rewards in the long run. Here are three stocks that could double your money by 2025:
First up is Alphabet Inc. (GOOGL).[3] Despite the pandemic, the company has continued to hire, and its 12,000 planned layoffs won’t even walk back the number of hires it made in the third quarter alone.[3]
Next is Apple Inc. (AAPL), which produces some of the world’s most popular products. Results from Apple and other tech giants, including Amazon.com Inc. (AMZN), Intel rival Advanced Micro Devices Inc. (AMD), and Facebook parent Meta (FB), could determine if the S&P 500 index profits this year.[3]
Finally, investors should consider the First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW).[4] Despite the selloff, this fund held its rising 13-year price channel support and is currently testing the neckline of an inverse head and shoulders pattern. If it breaks out, this could send a bullish message to the broader market and economy.[5]
The Nasdaq Composite’s fast start in 2023 could be a sign of things to come.[2] Investors should take advantage of the discounted prices and look for stocks that could double their money by 2025.[6] With the right investments, the Nasdaq Composite could deliver a solid annual performance.
0. “Nasdaq Bear Market: 1 Incredible Growth Stock Down 82% to Buy Like There’s No Tomorrow” The Motley Fool, 23 Jan. 2023, https://www.fool.com/investing/2023/01/23/nasdaq-bear-market-1-incredible-growth-stock-down/
1. “Nasdaq Bear Market: 3 Screaming Bargains That Can Double Your Money by 2025” The Motley Fool, 25 Jan. 2023, https://www.fool.com/investing/2023/01/25/nasdaq-bear-market-3-bargains-double-your-money/
2. “The Nasdaq Composite Just Had One of Its Worst Years In History. Here’s What Usually Happens Next” Nasdaq, 22 Jan. 2023, https://www.nasdaq.com/articles/the-nasdaq-composite-just-had-one-of-its-worst-years-in-history.-heres-what-usually
3. “Tech stocks are having their best January in decades — Here’s why that may not be a good sign” msnNOW, 27 Jan. 2023, https://www.msn.com/en-us/money/markets/tech-stocks-are-having-their-best-january-in-decades-here-s-why-that-may-not-be-a-good-sign/ar-AA16OYYA
4. “Tech Bulls Eye Potentially Explosive Stock Market Pattern” Investing.com, 27 Jan. 2023, https://www.investing.com/analysis/tech-bulls-eye-potentially-explosive-stock-market-pattern-200634783
5. “Tech Bulls Eye Potentially Explosive Stock Market Pattern!” See It Market, 27 Jan. 2023, https://www.seeitmarket.com/tech-bulls-eye-potentially-explosive-stock-market-pattern/
6. “Up 9% in 2023, Is It Safe to Invest in the Nasdaq Right Now?” Nasdaq, 25 Jan. 2023, https://www.nasdaq.com/articles/up-9-in-2023-is-it-safe-to-invest-in-the-nasdaq-right-now