The risk-on trade has resurfaced, with the Nasdaq bouncing back to the 11,000 threshold following its recent retreat to just above 10,000. Even so, 66% of the Nasdaq stocks are below their 200-day moving averages, and there are plenty of opportunities.
Software stocks have been under extreme pressure lately. The recent selling has affected the entire spectrum, from the smallest companies to the mega-caps.
For investors who have risk capital, it’s time to look. Consider Braze Inc (NASDAQ:BRZE), a beaten-down digital technology stock.
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