2 Superb Stocks Down 8% and 14% in 2024 You'll Wish You'd Bought on the Dip

The S 500 (SNPINDEX: ^GSPC) index gained 24% in 2023, which is more than twice its annual average return since its inception in 1957. The momentum has carried into 2024, with the index up another 10% so far.

But some individual stocks are currently taking a breather after delivering positive gains last year. Zscaler (NASDAQ: ZS) stock is down 8% in 2024, and Workiva (NYSE: WK) has fallen 14%. Both companies are packed with long-term potential, so here's why the recent weakness might be a great buying opportunity for investors.

The cybersecurity industry is growing in importance, especially with the rise of generative artificial intelligence (AI). Palo Alto Networks recently reported a tenfold increase in the frequency of phishing emails over the last 12 months, caused by malicious actors using generative AI to craft realistic content to target employees and compromise the organizations in which they work.

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Source Fool.com