U.S. stocks, particularly Nasdaq names, are off to a rocky start in 2022, but there are some possible rebound candidates that could help investors recover from the early losses.
The sell-off on Wall Street has been broad but has hit especially hard in tech stocks. On Wednesday, the Nasdaq-100 Index closed 10.24% below its record high, while the larger Nasdaq Composite was 11.55% from its high water mark. That put both indexes in correction territory.
The Nasdaq 100 stocks included in this list are all trading at least 10% below their recent highs and are valued with a price-to-earnings multiple that is below their five-year average.
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