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.
I totally agree with you. That's why I made a point about...
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Last
$17.33 |
Change
0.070(0.41%) |
Mkt cap ! $10.40B | |||
| Open | High | Low | Value | Volume |
| $17.19 | $17.36 | $17.16 | $15.42M | 891.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10911 | $17.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.33 | 11403 | 2 |
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| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$17.28 |
Change
0.070 ( 0.06 %) |
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| Open | High | Low | Volume | ||
| $17.20 | $17.36 | $17.18 | 119676 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| NXT (ASX) Chart |