Buy These 2 Growth Stocks on the Dip

Shares of e-commerce site (NASDAQ: ETSY) and image-browsing platform Pinterest (NYSE: PINS) haven't sniffed their all-time highs since 2021. These two stocks are down 78% and 68%, respectively, as of this writing. As a shareholder of both, the dip has been brutal and it's been hard to keep holding.

Indeed, I'd say that my enthusiasm for Etsy and Pinterest over the long term had started to wane. But recent developments have rekindled my conviction for these businesses, which is why I believe these are growth stocks worth buying today.

Let's start by affirming the stability of Etsy's business. In the second quarter of 2023, the company's revenue was up 7.5% year over year, active buyers were up 2.5%, and it turned a net profit of nearly $62 million. This ongoing profitable growth, albeit at a moderated pace, suggests Etsy is healthy.

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Source Fool.com