Buy the Dip: 3 Stocks to Buy in April and Hold for the Next 3 Years
2022 has been a roller-coaster ride for investors so far. The S&P 500 hit an all-time intraday high in early January, but closed the first quarter of the year with its biggest quarterly decline in nearly two years. Individual stocks, of course, plunged too. While that's scary, you could build a lot of wealth in the long term if you buy the dip, provided you know where to look. Here are three no-brainer stocks that have tanked in recent months you'd want to buy now and hold.
Caught in the sell-off of growth stocks, Upstart Holdings (NASDAQ: UPST) stock has lost more than one-third its value this year, and a staggering 66% of its value in the past six months, as of this writing. It's true that Upstart stock ran up too high too fast, but it's also true that the company is growing rapidly and sitting on trillion-dollar opportunities. If you believe in Upstart's growth story, now's the time to buy.
Upstart uses artificial intelligence to analyze more than 1,000 data points per borrower to screen them and assess the risks of lending. So while lenders like banks can use Upstart's services to originate low-risk loans, potential borrowers can get quick loans at low rates. It's a win-win for both sides. Much of the process is automated, and Upstart also doesn't have to bear credit risks as it doesn't lend money but only helps originate loans in return for a fee.
Source Fool.com
