Nasdaq Bear Market: 2 Unstoppable Growth Stocks to Buy on the Dip
The growth-heavy Nasdaq Composite has plunged 27% since peaking in November, and many individual stocks have fallen even further. For instance, MercadoLibre (NASDAQ: MELI) and Airbnb (NASDAQ: ABNB) are down 59% and 46%, respectively, from their own all-time highs. Generally speaking, those declines have been fueled by concerns about high inflation and rising interest rates, not any material weakness in the businesses.
Of course, that doesn't make the losses any less real, but it does create a buying opportunity. MercadoLibre and Airbnb are important players in massive markets, and both stocks are backed by a compelling investment thesis.
Here's what you should know.
Source Fool.com
