ZS - Stock Market Sell-Off: 2 High-Conviction Growth Stocks Down 45% and 59% You'll Regret Not Buying on the Dip
2023-10-06 05:15:00 ET
All three major U.S. financial indexes dipped in September, making it the worst month of the year for the stock market. The Dow Jones Industrial Average dropped 4%, the S&P 500 slipped 5%, and the Nasdaq Composite tumbled 6%. Those declines add to the broader losses incurred during the sell-off that has taken place over the last two years.
Like many technology companies, CrowdStrike (NASDAQ: CRWD) and Zscaler (NASDAQ: ZS) saw their share prices plummet amid the drawdown, and the stocks currently trade about 45% and 59%, respectively, below their all-time highs. But CrowdStrike and Zscaler are leaders in different aspects of cybersecurity, a market that will only become more important in the future, and my conviction in both growth stocks remains high.
Here's what investors should know about these two growth stocks.
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Stock Market Sell-Off: 2 High-Conviction Growth Stocks Down 45% and 59% You'll Regret Not Buying on the Dip