Recent market fluctuations have highlighted the Nasdaq 100's volatility, currently experiencing an 11% drop from its recent peak. Despite high-profile companies like Tesla and Amazon showing notable losses, these corrections can indicate prime buying opportunities for solid businesses. With a historical precedent of rapid rebounds after downturns, investors are advised to consider top-tier stocks that remain fundamentally strong, such as Broadcom, as potential long-term investments, leveraging current market discounts to strengthen their portfolios.
Broadcom is the first stock to buy for the downturn, even though AVGO stock itself is down 17% over the recent high. Such dip could represent a buying opportunity.
Just because a company is down sharply doesn't mean it is not a good stock to buy. In fact, it could be the best time to purchase it.
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