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2 Growth Stocks to Buy on the Dip -Breaking

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© Reuters. Two Growth Stocks You Should Buy On The Dip

Avalara (NYSE 🙂 and Olo Inc. (OLO) don’t have much in common except for the fact that both have been publicly traded in the past four year and they are industry leaders. We will explain why the recent weakness may be an opportunity to purchase.

It’s been an impressive start to the year thus far for the Nasdaq-100 Index (QQQ), with the ETF up more than 28% year-to-date, lapping an incredible 47% return in 2020. Many stocks in tech have been trading at ridiculous valuations. More than 50 names trade above 35x.

Some names still trade at very affordable valuations. Others that are no longer in favor are heading to buy-zones. This is a great time to start a shopping list ahead of time, as there’s a greater chance of corrections in the coming months.

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