Article by MarketBeat Staff
Just like the animal they mimic, bear markets are known to have a wide reach. When the bears take a swipe at elevated stock prices, few names survive.
This year’s bear market attack has spared few industries. High flying technology companies have been especially hard hit by the impact of rising rates on valuations and fears of a global economic slowdown.
Even mega cap tech names have been dragged down by the selling pressure. The good news is that the 2022 tech wreck has created attractive entry points for some of the world’s most beloved companies….