2 Explosive Stocks to Buy On the Dip
With so many stocks trading at a discount in the current environment, it's more important than ever to be discerning about the companies you select for your portfolio. A discounted share price tells you almost nothing about the underlying business. A stock may be trading down for a valid reason, it may be simply following the trajectory of the broader market, or share prices might be influenced by a multitude of catalysts.
If you're in a position to add to your portfolio in the coming weeks, and are looking to go bargain hunting for quality businesses, here are two that the market is discounting that still have tremendous growth potential to enrich investors in the years to come.
Upstart (NASDAQ: UPST) is facing a weaker market for its services than in previous years, with consumer demand for loans and the institutional appetite for buying them down due to rising interest rates. But there are several metrics that indicate that the company is still headed in the right direction.
Source Fool.com
