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March 11, 2021
Rising interest rates may have fueled a big selloff in tech stocks last month. But, this near-term volatility can work in favor when it comes to entering long-term positions at more favorable prices. An example of this is
Twilio (NYSE:
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A powerhouse in the cloud communications space, Twilio is one of many large-tech names that “crushed it” in 2020. But, after skyrocketing more than five-fold, in the past month, shares have pulled back about 20% from their highs.
Some may see last month’s correction as the beginning of the end for coronavirus pandemic related tech plays. But, its strong growth in the past year won’t fade once Covid-19 does. Consider this pull back a fantastic opportunity to enter TWLO stock at a solid long-term entry point.