The current selling capitulation in the stock market reminds me of what happened in March 2020 when the COVID-19 pandemic locked down much of the world.
The fact that a staggering 83% of Nasdaq stocks are trading below their 50-day and 200-day moving averages isn’t justified. For investors who are patient and looking at the next five years, there are plenty of opportunities to pick up great stocks.
A sector with strong tailwinds is big data solutions, but like the rest of the technology stock market, it has been beaten down.
The demand for big data solutions will pick up, however. To play this, I like the prospects of mid-cap stock Teradata Corporation (NYSE:TDC).
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