Is It Time to Buy April's Worst-Performing Nasdaq Stocks?

You're familiar with the "Dogs of the Dow" investing strategy, right? Buy blue chip stocks that are down on their luck, indicated by a very high dividend yield. Watch the blue chips get back on their feet and start counting your gains.

It's not a magic formula for beating the market, but some investors swear by it. What if we tweak this idea a bit, though? An automated stock-picking formula could help me find undervalued stocks on the tech-heavy Nasdaq stock exchange.

The tweaked idea is that recent underperformers could be set up to beat the market over the long haul. Some price-lowering issues are temporary, after all. The volatile nature of the Nasdaq exchange could help me find some real zingers here.

Source Fool.com