2 Excellent Stocks to Buy on the Dip
Many investors are chasing after artificial intelligence (AI)-focused companies that have already gained substantial market value this year. That's not a bad strategy, considering the AI industry may maintain its momentum for a while and reward these leaders even more. However, it's also important for investors to consider companies that haven't performed well recently. There may be opportunities to pick up attractive stocks on the dip. In fact, here are two great examples: (NASDAQ: NFLX) and (NASDAQ: SHOP). Here is why these companies are worth investing in right now.
Image source: The Motley Fool.
Netflix stock recently hit a 52-week low. A poor second-quarter guidance and the departure of Reed Hastings -- who will no longer have any role at the company after co-founding and helping lead it as its co-CEO for a long time, and being a member of the board for the past few years -- are spooking investors. However, now that the stock has declined by 43% over the past 12 months, Netflix's shares look very attractive. Let's consider four reasons why. First, it's not uncommon for Netflix's shares to drop significantly after earnings. But the company tends to rebound. Investing in Netflix's stock after a major sell-off has generally been an excellent idea.
Source Fool.com
Netflix Inc. Stock
The stock is one of the favorites of our community with 128 Buy predictions and 1 Sell predictions.
With a target price of 105 € there is a hugely positive potential of 61.39% for Netflix Inc. compared to the current price of 65.06 €.
