If you're waiting for the broader stock market to plunge so you can go bargain-hunting, you may want to put your shopping shoes on now. Some top-quality stocks are already down by 30%, 40%, or even more from their all-time highs.
Case in point: Shares of Zillow Group (NASDAQ: ZG) (NASDAQ: Z) , Baidu (NASDAQ: BIDU) , and Teladoc (NYSE: TDOC) are all trading at least 40% below their recent highs. These markdowns aren't likely to last long.
Image source: Getty Images.
For further details see:
Why Wait for a Crash to Invest? These 3 Top Stocks Are Already Down More Than 40%