OLO - 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.
For further details see:
Buy These 2 Growth Stocks on the Dip