The Nasdaq Composite, which tracks the performance of the more than 3,000 stocks listed on its exchange, has been a wild ride so far this year. After climbing as much as 24% by early July, the widely followed index fell into correction territory earlier this month, down 13% from its high before trimming its losses last week.
This downturn had some investors wondering whether the market’s bull run had come to an end. However, many on Wall Street believe this is a temporary situation. U.S. Bank Wealth Management’s chief investment officer, Eric Freedman, is unfazed and believes there’s additional upside ahead. “We still think it’s a great time to be invested,” he wrote. The analyst went on to point out that “drawdowns of 5% to 10% or more in a given year are not unusual.”
With that as a backdrop, there are a couple of top-notch Nasdaq stocks that still have plenty of room to run and could soar as much as 114%, according to select Wall…
