For long-term investors, dips in the stock market can present some great buying opportunities. As of this writing, the tech-heavy Nasdaq Composite index is down almost 21% from its all-time highs, with many individual stocks down much more than that. Some of these businesses, however, are extremely strong operationally. With such a disparity between business performance and stock price, it can be an opportune time to invest in new companies.
Unity Software (NYSE: U) and Doximity (NYSE: DOCS) are two examples of this. Their stock prices have fallen 56% and 47%, respectively, off all-time highs, yet both companies reported strong earnings. I have had Unity and Doximity on my watchlist for some time now, but if the stock prices keep dropping, they might become parts of my portfolio.
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For further details see:
2 Stocks I Will Buy If the Stock Market Keeps Crashing