RKLB - Instead of Buying the Dip on Magnificent Seven Stocks Like Nvidia and Tesla Consider These 3 Growth Stocks
2024-07-31 06:45:00 ET
The S&P 500 and Nasdaq Composite are still up big on the year. But a pullback in mega-cap growth stocks, including the "Magnificent Seven, " has sent the major indexes down.
Tesla is in the negative year to date, while Nvidia is down over 10% in the last month. Despite the sell-off in these popular names, there could be even better stocks out there to buy now.
Here's why these three fool.com think Rocket Lab (NASDAQ: RKLB) , Hexcel (NYSE: HXL) , and Enphase Energy (NASDAQ: ENPH) are three growth stocks that are worth a closer look.
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Instead of Buying the Dip on "Magnificent Seven" Stocks Like Nvidia and Tesla, Consider These 3 Growth Stocks