I totally agree with you. That's why I made a point about utility and consumer staples doing well in stressed environments.
I feel that you guys are taking my point out of context. I never said NXT won't do well in a stressed environment. Cloud space is almost a utility hybrid since companies commit to using it and are unlikely to drop it during a crisis.
My response was specifically to the OP who is of the impression that growth stocks do well in an economic downturn, when in fact the opposite is true.
Macro View, page-16
Add NXT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.75 |
Change
0.105(0.60%) |
Mkt cap ! $10.61B | |||
| Open | High | Low | Value | Volume |
| $17.73 | $17.79 | $17.62 | $4.779M | 269.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 945 | $17.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.75 | 162 | 5 |
View Market Depth
| Last trade - 12.21pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$17.71 |
Change
0.105 ( 0.14 %) |
||||
| Open | High | Low | Volume | ||
| $17.72 | $17.79 | $17.62 | 90728 | ||
| Last updated 12.42pm 28/05/2024 ? | |||||
| NXT (ASX) Chart |