With the Nasdaq Composite having risen a robust 6% in the first two weeks of the New Year, it appears that the exchange, in line with my previous predictions, is well on its way to entering a bull market. Further, recent developments, including strong holiday-season retail sales growth and a month-over-month drop in December’s Consumer Price Index, indicate that the Street’s fears about the macro environment last year were tremendously overdone.
Also worth noting is that, with institutional investors now apparently internalizing that the Fed’s rate hikes aren’t going to go on forever or create a credit crisis, many growth stocks have been catching a bid this month. Given these points, it’s a great time for medium-term and long-term investors to find excellent Nasdaq stocks to buy.
This post originally appeared at InvestorPlace.