Looking to Invest $1,000 This Month? 2 Growth Stocks to Buy on the Dip
After a brutal sell-off last year that sent many of the best stocks into the bargain bin, some of the strongest are now on the rebound. Amazon (NASDAQ: AMZN) and Advanced Micro Devices (NASDAQ: AMD) are up 30% and 50%, respectively, year to date. Following a new round of earnings reports for the first quarter, the market is starting to sense better times on the horizon.
Here's why both stocks could be great places to park some money for the long term.
Shares of Amazon are still down 40% from their all-time high. The stock initially fell due to weak consumer spending trends in online stores, Amazon's largest revenue source. Another perceived problem is slowing growth in Amazon Web Services (AWS).
Source Fool.com
Advanced Micro Devices Inc. Stock
€141.02
-0.170%
The stock is one of the favorites of our community with 80 Buy predictions and 1 Sell predictions.
With a target price of 176 € there is a positive potential of 24.8% for Advanced Micro Devices Inc. compared to the current price of 141.02 €.
