If I Had to Pick 1 Tech Stock to Hold Through the Next Recession, It Would Be This One
Oil prices, rising interest rates, and 24-year highs for 10-year Treasuries can certainly make investors get defensive. However, that doesn’t mean you should exit stocks as quickly as possible. In fact, buying growth stocks when investors are fleeing in droves can lead to elevated long-term returns, if you buy the right stocks.
Although Micron Technology (NASDAQ: MU) has been battered in recent weeks and remains in the spotlight, it has become more attractive at current levels. Here’s why I would buy Micron and hold it through a recession.
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