5 Historically Cheap Growth Stocks to Buy With Confidence in the Wake of the Nasdaq Correction
Stock market downturns are traditionally the ideal time to go shopping for bargains.
Every so often, Wall Street sends a not-so-subtle reminder to investors that stocks can move in both directions.
Between the closing bells on Feb. 19 and March 13, the iconic Dow Jones Industrial Average, benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) respectively tumbled by 8.6%, 10.1%, and 13.7%. The double-digit percentage declines for the S&P 500 and Nasdaq Composite placed both indexes in official correction territory.
However, these line-in-the-sand corrections were relatively short-lived. The S&P 500 needed only one session to move out of correction, with the Nasdaq Composite following suit on March 24.
