2 Incredible Stocks to Buy on the Dip
When a particular stock is declining, investors usually don't rush out to buy it. They may be right if the company has significant problems likely to weigh on its long-term performance. But, in many cases, a share price dip doesn't indicate such a situation. The company might face near-term challenges, but the broader picture still remains bright -- and that gives us the opportunity to snap up shares at a great price.
That's the case today with online pet supply shop (NYSE: CHWY) and healthcare giant Abbott Laboratories (NYSE: ABT). They both have faced headwinds in recent times, but in spite of this, they're still growing revenue and offer solid long-term prospects. Let's take a closer look at these two incredible stocks to buy on the dip.
Chewy sells just about everything your pet needs -- from food to toys, and even prescription drugs and pet insurance. The company makes it easy for you to shop at the e-commerce site and keep coming back through its Autoship program. This allows you to sign up for regular deliveries of products you use the most, such as pet food.
Source Fool.com
Chewy Inc Stock
The stock is one of the favorites of our community with 38 Buy predictions and 3 Sell predictions.
With a target price of 28 € there is a positive potential of 20.77% for Chewy Inc compared to the current price of 23.19 €.
