Should You Buy the Dip in This Blue Chip Retailer?

Concerns over high inflation and slowing economic growth have caused the Nasdaq Composite to plummet nearly 30% year to date. This may seem troubling to investors in the near term. But investors with a focus on the long game have a distinct advantage due to this market volatility: the ability to pick up quality stocks at discounted valuations.

Down 36% so far this year, the off-price retailer Ross Stores (NASDAQ: ROST) has been hit especially hard. But is the stock's plunge a buying opportunity? Or should investors steer clear of Ross Stores? Let's dig into the stock's fundamentals and valuation to decide.

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Source Fool.com