We've seen a major correction in growth stocks over the last few months. This is clearly setting up a buying opportunity in a handful of high-quality names. Taylor Dart breaks down why you should consider adding Netflix (NASDAQ:NFLX) and Roblox (RBLX) on the dip.It’s been a volatile 4-month stretch for the Nasdaq Composite (QQQ), and while there have been a few notable winners, performance has been bifurcated in the tech space. Fortunately, this correction has allowed the index to unwind some of its overbought condition, pushed some names to much more reasonable valuations, and made it less difficult to uncover names that are under accumulation.
While the medium-term upside for the Nasdaq Composite is less clear given that we continue to have a high level of complacency in the overall market, two names do look intriguing. One is a new potential market leader, with the other being a former leader that’s now trading at a compelling valuation. Let’s take a closer look at both stocks below:
(Source: TC2000.com)