Technology stocks took it on the chin earlier this year. The market has recently bounced back, and investors are cautiously dipping their toes into the tech waters. Many tech stocks remain well below where they started the year and are ripe for those willing to buy and hold.
Streaming is gaining real traction in the entertainment industry, so Spotify seems like a good bet. When the economy is weak, it hits certain sectors, including one that Spotify relies on -- advertising.
The audio streamer reported solid Q2 earnings and is still primed to grow revenue over the next three to five years.