Technology and growth stocks have continued to trend lower. The Nasdaq is at multiyear lows and is failing to attract a response from buyers. Support at the 10,000 level is under attack.
That’s the bad news. The good news is that, given the recent share-price deterioration and renewed selling capitulation, there are aggressive opportunities for contrarian investors who are willing to accept risk.
For instance, the $430.0-billion Inflation Reduction Act will help electric vehicle (EV)-related companies like Blink Charging Co (NASDAQ:BLNK). The U.S.-based company builds EV charging stations.
This post originally appeared at Profit Confidential.