As investors try to digest the failure of two banks, related stocks are tumbling. The Nasdaq Bank Index is down more than 20% from its Feb. high due to its exposure to the now-delisted SIVB stock. Meanwhile, startups and growth names are also starting to feel the pressure, as nearly half of all U.S. tech startups have exposure to this bank. The bottom line is that tough times are ahead for the stock market. Even if the financial institutions deal with the ripple effects, a terminal rate above 5% will definitely have some negative implications. However, there are still some top stocks to buy in the chaos.
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