
Growth has become a tough sell for investors this fall. With a week to go in November, many growth stocks—particularly in the technology sector—are down sharply.
It’s one thing for mega-cap stocks, such as Microsoft Corp. (NASDAQ: MSFT), to be pulling back after a massive run. It’s a different story when speculative, early-stage companies sell off. These are companies with businesses that have yet to generate profits, and sometimes have little to no revenue.