CEG - Is It Time to Buy the Nasdaq's 3 Worst-Performing December Stocks?
2024-01-04 09:05:00 ET
The amazing thing about the Nasdaq right now is that has undeniable momentum. The three worst-performing stocks in the Nasdaq 100 tech stock index, which tracks 100 of the exchange's best tech stocks, were down only 3% to 5% for the month. That means the other 97 did better than that.
These three stocks also delivered some of the best gains of 2023, and a slight dip in the last month might give investors the opportunity to buy. Without further ado, let's check out MercadoLibre (NASDAQ: MELI) , Constellation Energy (NASDAQ: CEG) , and Synopsys (NASDAQ: SNPS) .
MercadoLibre gained 86% last year, even with the drop in December. It's a top e-commerce stock with a huge market and many growth drivers.
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Is It Time to Buy the Nasdaq's 3 Worst-Performing December Stocks?