Buy These 2 Growth Stocks on the Dip
The S&P 500 fell by about 19% in 2022 -- a top-seven drop for a single year. In the wake of that plunge, it seems, many people are looking for once-in-a-lifetime stock opportunities, hoping to invest significant sums of money and reap home-run returns rapidly.
Given this prevalent sentiment, let's set some expectations up front: I don't believe this is necessarily the exact perfect moment to invest in Olo (NYSE: OLO) and Udemy (NASDAQ: UDMY). Nor do I believe that you should go "all-in" on these promising companies. These growth stocks still have much to prove, and positions in them should consequently make up just a modest percentage of a diversified portfolio.
That said, these two stocks have fallen to attractive valuations during this bear market. And if things go right, shareholders who buy at their current levels could enjoy market-crushing returns -- not over the next couple of months necessarily -- but over the long haul.
Source Fool.com
