On the surface, 2023 has been a great year for stocks. The Nasdaq Composite is up about 25% year to date, and the S 500 is up around 10%. But dig deeper, and many industries and former market darlings have suffered brutal sell-offs. Most of 2023's gains have come from the growth of a relatively small number of big tech stocks.

Several growth stocks, especially smaller names, are down big so far this year -- but that could spell opportunity. Here's why Rivian Automotive (NASDAQ: RIVN), (NYSE: HXL), and LanzaTech Global (NASDAQ: LNZA) stand out as three excellent stocks worth buying now on the dip.

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Source Fool.com