7 Growth Stocks to Buy on the Dip Wall Street loves growth stocks that can increase their revenue and earnings at a faster rate than their industry or the broader market. Such shares thrive during economic expansions driven by low-interest rates, leaving investors looking for growth stocks to buy on the dip. Generally, growth stocks tend to outperform the broad market over the long term. For example, the iShares SP 500 Growth ETF (NYSEARCA: IVW ), which tracks the SP 500 Growth Index , has outperformed the iShares Core SP 500 ETF (NYSEARCA: IVV ) with a 10-year average annual return of 14% versus IVV’s 13%. However, amid growing concerns over rising interest rates and a potential recession, most growth stocks have taken a severe beating in 2022. For example, IVW has fallen 21% year-to-date. By comparison, benchmark indices, the SP 500 and Dow Jones Industrial Average , have declined by 16% and 11.8%. 7 Best Reddit Stocks to Buy Now Put another way, current challenges have pushed down the sky-high valuations of most growth shares, offering enticing buying opportunities.