TOGGLE compiled a list of tech stocks that could bounce back based on historical trends when the Nasdaq Composite plunges. We found the stocks that bounced back the most after a Nasdar selloff of more than 7% a week. Currently, Nvidia is sitting at the top of the list.
The first column shows each stock’s median return from similar historic events. The middle two columns are the risk-reward outlook divided out between the range of the 80th percentile versus the 20th percentile. The last column shows the count of past episodes that were analyzed.
A stock-market selloff at the beginning of 2022 comes from an increase in treasury yields coming from an expectation of a more aggressive Federal Reserve. Growth stocks that are often featured in the Nasdaq Composite COMP, 0.75% have been impacted by the sharp stock-market selloff.