META - Nasdaq Bear Market: 3 of the Best Growth Stocks to Buy Today
The Nasdaq is down 27% this year, and that can be incredibly discouraging for growth investors. However, the tech-heavy index has still delivered impressive growth over a longer time frame. Over the past five years, the index remains up 77% vs. 54% for the S&P 500 . The moral of the story is that long-term investors should not ignore the Nasdaq.
Three Nasdaq-based stocks that are full of potential today are DexCom (NASDAQ: DXCM) , Meta Platforms (NASDAQ: META) , and Comcast (NASDAQ: CMCSA) . They're all down 30%, but here's why they're still good buys.
DexCom makes continuous glucose monitoring (CGM) devices that help diabetes patients control their blood sugar levels. The stock has taken a beating this year, falling 35%. But focusing on the short term could be a costly mistake for investors as this has the potential to be a phenomenal long-term buy.
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Nasdaq Bear Market: 3 of the Best Growth Stocks to Buy Today