Nasdaq ETF faces bear market, but some stocks show strong gains
From Nasdaq: 2025-04-07 08:00:00
- The Nasdaq entered bear market territory, down over 20% from December peak. Wall Street worries about the economic health after Trump’s tariff announcement. Fidelity NASDAQ Composite Index ETF ONEQ slumped 19.1% YTD and 4% over the past year.
- Tech stocks like Apple, NVIDIA, and Tesla led the plunge due to China tariffs. Concerns arise about Big Tech’s overinvestment in AI. Chinese startup DeepSeek’s low-cost R1 model adds more pressure on Big Tech companies.
- Despite the bear market, some Nasdaq stocks stand out with strong gains. ThredUp, 908 Devices, Logility, Palomar Holdings, and EZCORP show potential for further rally with Zacks Rank #1 or #2.
- ThredUp provides resale platforms, 908 Devices offers mass spec devices, Logility focuses on supply chain solutions, Palomar Holdings is an insurance holding company, and EZCORP operates pawnshops for consumer credit and retail merchandise.
Read more at Nasdaq: 5 Top-Ranked Stocks of Nasdaq ETF Beating the Bear Market