2 Growth Stocks Down Over 20% to Buy Right Now
The market sell-off focusing on technology stocks has hit several of my top stocks fairly hard. However, I don't think that this is the time to panic; instead, investors should look at this sell-off as a buying opportunity.I'm focusing on two hard-hit stocks: Taiwan Semiconductor Manufacturing (NYSE: TSM) and ASML (NASDAQ: ASML). Both of these are vital in the chip production world, and each looks like it's a great stock to scoop up while it's on sale.If you think of all the long-term trends occurring in the market right now, there is one that overarches them all: chips. Anything with more advanced technology requires high-powered chips, and without TSMC or ASML, these advances wouldn't be possible. While short-term worries come and go in the stock market, investors should focus on long-term trends like chip technology advances. But when short-term opportunities arrive, investors need to pounce to create the best returns.Continue reading
The market sell-off focusing on technology stocks has hit several of my top stocks fairly hard. However, I don't think that this is the time to panic; instead, investors should look at this sell-off as a buying opportunity.
I'm focusing on two hard-hit stocks: Taiwan Semiconductor Manufacturing (NYSE: TSM) and ASML (NASDAQ: ASML). Both of these are vital in the chip production world, and each looks like it's a great stock to scoop up while it's on sale.
If you think of all the long-term trends occurring in the market right now, there is one that overarches them all: chips. Anything with more advanced technology requires high-powered chips, and without TSMC or ASML, these advances wouldn't be possible. While short-term worries come and go in the stock market, investors should focus on long-term trends like chip technology advances. But when short-term opportunities arrive, investors need to pounce to create the best returns.
