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.

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Source Fool.com