NVDA - 3 Unstoppable Growth Stocks to Buy If There's a Stock Market Sell-Off
2024-02-05 06:40:00 ET
The S&P 500 's return to an all-time high confirms the market entered a bull market. With this recent realization, downturns are likely not on the minds of most investors at this moment.
However, due to the cyclical state of markets, investors should expect another bear market at some point and have a plan to deal with that scenario. Fortunately, bear markets are a great time to buy high-quality stocks on sale, and when that time comes, investors should consider loading up on Nvidia (NASDAQ: NVDA) , The Trade Desk (NASDAQ: TTD) , and MercadoLibre (NASDAQ: MELI) . Here's why.
Admittedly, Nvidia may not seem like much of a "pullback stock." The stock has risen nearly sixfold since its October 2022 low, and at a forward P/E ratio of 32, it is not as pricey as investors might assume.
For further details see:
3 Unstoppable Growth Stocks to Buy If There's a Stock Market Sell-Off