Should You Bail Out of These 2 Sinking Nasdaq Stocks?

The stock market has done extremely well lately, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) started to move back toward record levels on Tuesday. Gains of more than 0.5% as of noon EST brought the Nasdaq  to within about 100 points of its all-time highs, and investors are optimistic about the prospects for the growth stocks that play such a huge role in the Nasdaq's success.

Yet even with overall gains, not every Nasdaq stock managed to post gains on Tuesday. Indeed, MercadoLibre (NASDAQ: MELI) and Robinhood Markets (NASDAQ: HOOD) were both down fairly sharply during the early part of the session. With so many investors looking closely at growth prospects for the broader market, one question is whether these two stocks could see further losses. Below, we'll take a closer look at MercadoLibre and Robinhood to get some answers.

Shares of MercadoLibre were down more than 6% at midday on Tuesday. Investors weren't pleased to see the Latin American e-commerce giant selling some of its equity to raise cash.

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Source Fool.com