Nasdaq Bear Market: 3 Unstoppable Stocks Still Down 37% or More … – The Motley Fool
There’s been plenty of speculation that a new bull market could be on the way. The Nasdaq Composite Index came tantalizingly close to reaching bull market levels only a few weeks ago.
For now, though, we’re still entrenched in a Nasdaq bear market. But the good news for investors is that there are quite a few great stocks to buy at discounted prices. Here are three unstoppable stocks still down 38% or more to buy on the dip.
1. Alphabet
Alphabet (GOOGL 1.79%) (GOOG 1.85%) is the least beaten-down of these three stocks. However, shares of the tech giant are still down more than 37% from the high set in late 2021.
(1.79%) $1.65
$93.65
GOOGL
Key Data Points
$1,202B
$83.34 – $143.79
Volume
118,271
41,895,498
55.38%
N/A
One reason behind Alphabet’s steep decline is that the advertising market has slowed down considerably. The company generates most of its revenue from advertising on its various platforms, including Google Search and YouTube. Alphabet stock has also taken a hit recently…
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