Nasdaq Correction: The Best Magnificent Seven Stock to Buy on the Dip Right Now
The technology-heavy Nasdaq Composite index currently finds itself in correction territory. A stock market correction occurs when the market falls 10% or more from its all-time highs.Should investors buy the dip? There is a chance the recent pullback will turn into something worse, such as a prolonged bear market. However, most 10% corrections resolve themselves relatively quickly, making them great times to pick up high-quality companies for the long haul.That means for those looking to add to their long-term portfolios, high-quality stocks in the "Magnificent Seven" group, which has pulled back along with the market, might be great pickups today. Of these seven all-star companies, one ultra-safe name looks like the best of the bunch at this opportune moment.Continue reading
The technology-heavy Nasdaq Composite index currently finds itself in correction territory. A stock market correction occurs when the market falls 10% or more from its all-time highs.
Should investors buy the dip? There is a chance the recent pullback will turn into something worse, such as a prolonged bear market. However, most 10% corrections resolve themselves relatively quickly, making them great times to pick up high-quality companies for the long haul.
That means for those looking to add to their long-term portfolios, high-quality stocks in the "Magnificent Seven" group, which has pulled back along with the market, might be great pickups today. Of these seven all-star companies, one ultra-safe name looks like the best of the bunch at this opportune moment.
