ZG - 2 Growth Stocks Down 35% and 78% You'll Wish You'd Bought on the Dip
2023-04-12 05:12:00 ET
2022 was brutal for the stock market, and particularly for the technology sector. The Nasdaq-100 tech index plunged 33% for the year, but at this stage, it looks like it might have bottomed in October. The index has steadily climbed ever since, logging a 24% gain so far from that low point.
With that said, some technology stocks are still sitting well below their all-time highs as their fundamentals continue to grapple with a tough economic environment. Shares of semiconductor giant Micron Technology (NASDAQ: MU) are down 35%, and shares of real estate technology company Zillow Group (NASDAQ: Z) (NASDAQ: ZG) have fallen 78%.
But the economy will almost certainly improve, and when investors look back in a few years from now, they might wish they'd bought both of these stocks on the dip.
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2 Growth Stocks Down 35% and 78% You'll Wish You'd Bought on the Dip