Editorial StaffI love stock market corrections. Of course, I know a lot of people will say that, then panic when we get a run-of-the-mill 5% to 10% dip in the indices.
But the truth of the matter is, these corrections highlight the top stocks to buy. I have laid out my views and strategy on buying high-growth stocks during corrections before.
However, there are other strategies to keep in mind here as well. One of those strategies?
Relative strength. Simply put, when the market is correcting, I like to look for stocks that are outperforming.
That’s strength that is relative to the general market, like the S&P 500 or the Nasdaq.
During the latest pullback, we not only found stocks that held up well, but stocks that actually traded higher.
So, if the market takes another dip — and drags some of these stocks down a bit in the process — they are likely to be among the first names to snap back higher on the rebound.
All that said, here are seven stocks to buy on any market dips:
- Advanced Micro Devices (NASDAQ:AMD)
- Cloudflare (NYSE:NET)
- Upstart (NASDAQ:UPST)
- Tesla (NASDAQ:TSLA)
- Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG)
- Netflix (NASDAQ:NFLX)
- Affirm (NASDAQ:AFRM)
Source: MSN Money
