Need to Know: Amazon and other battered tech stocks to buy after an ugly October for the Nasdaq

So far, October is shaping up just as we suspected it might: volatile, scary and brutal.

Investors in the Nasdaq can attest to that fact after the index received a drubbing in the first three weeks of the month that has thusly slashed nearly 7% from the tech-heavy benchmark.

So, is it time to throw in the towel? Not so fast, according to our call of the day from analysts at Piper Jaffray. The strategists make the case that now may be an opportune time to pick up big names that have been hard hit by the recent pullback that still leaves the Nasdaq Composite Index COMP, -2.06% with a 8.43% year-to-date gain—but very badly bruised.

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