7 Nasdaq Stocks to Buy on the Dip or You’ll Be Kicking Yourself Later
For a few months, I’ve believed that both inflation and stocks were bottoming. Now prominent JPMorgan analyst Marko Kolanovic is making the same call . Thanks to the bear market, shares of companies with good fundamentals and strong outlooks are drastically undervalued. Nowhere is this more evident than on the Nasdaq exchange, which has fallen much more than the other major indices over the past year. Therefore, I’ve put together a list of seven Nasdaq stocks to buy on the dip. Before I go through my list of undervalued Nasdaq stocks, though, let’s take a closer look at Kolanovic’s comments. On Monday, he wrote in a note to clients that the stock market pullback was likely to end soon, while a “strong rally” could ensue in the near term. “Robust earnings, low investor positioning and well-anchored long-term inflation expectations should mitigate any downside in risk assets from here,” Kolanovic said. He added that stocks could move significantly higher “whenever the macro picture turns less negative.” In other words, given investors’ depressed mood, it won’t take much to spur a rally.
7 Nasdaq Stocks to Buy on the Dip or You’ll Be Kicking Yourself Later
For a few months, I’ve believed that both inflation and stocks were bottoming. Now prominent JPMorgan analyst Marko Kolanovic is making the same call . Thanks to the bear market, shares of companies with good fundamentals and strong outlooks are drastically undervalued. Nowhere is this more evident than on the Nasdaq exchange, which has fallen much more than the other major indices over the past year. Therefore, I’ve put together a list of seven Nasdaq stocks to buy on the dip. Before I go through my list of undervalued Nasdaq stocks, though, let’s take a closer look at Kolanovic’s comments. On Monday, he wrote in a note to clients that the stock market pullback was likely to end soon, while a “strong rally” could ensue in the near term. “Robust earnings, low investor positioning and well-anchored long-term inflation expectations should mitigate any downside in risk assets from here,” Kolanovic said. He added that stocks could move significantly higher “whenever the macro picture turns less negative.” In other words, given investors’ depressed mood, it won’t take much to spur a rally.