Nasdaq Bear Market: Buy the Dip on This "Magnificent Seven" Stock That's Down 29%
The Nasdaq-100 and Nasdaq Composite indexes have officially entered bear market territory, down by more than 20% from their all-time highs. Many of their component stocks are down even more than that, including technology giant Alphabet (NASDAQ: GOOG), which is trading 29% below its peak as of this writing.The company that owns Google, YouTube, and Android has been on a roller-coaster ride ever since OpenAI's ChatGPT went viral over two years ago, and at the moment, the track is sloping downward.However, that has created a fantastic buying opportunity for investors ready to deploy some cash: Alphabet is the one "Magnificent Seven" stock I would buy the dip on right now.Continue reading
The Nasdaq-100 and Nasdaq Composite indexes have officially entered bear market territory, down by more than 20% from their all-time highs. Many of their component stocks are down even more than that, including technology giant Alphabet (NASDAQ: GOOG), which is trading 29% below its peak as of this writing.
The company that owns Google, YouTube, and Android has been on a roller-coaster ride ever since OpenAI's ChatGPT went viral over two years ago, and at the moment, the track is sloping downward.
However, that has created a fantastic buying opportunity for investors ready to deploy some cash: Alphabet is the one "Magnificent Seven" stock I would buy the dip on right now.
