3 Stocks to Buy If They Take a Dip
Markets have gone on an absolute tear since October, with the S 500 up 31% and the Dow Jones Industrial Average up 24% from their 52-week lows. The rally has some saying we are in a new bull market. Others say the market still needs to reach other landmarks to qualify. But both sides can agree that optimism is high right now.
Concerns do still linger about the impact of higher interest rates on the economy. The Federal Reserve recently raised its benchmark interest rate again and it's now at its highest level in 22 years. There are still some indicators that point toward a potential recession in the next year or two.
If these concerns come to fruition and the market takes a dip, it could create an excellent opportunity to pick up what might become discounted shares of American Express (NYSE: AXP), Meta Platforms (NASDAQ: META), and Tradeweb Markets (NASDAQ: TW). Here's why these are three stocks worth buying on the dip.
Source Fool.com
