Although all three major stock indexes have taken it on the chin in recent days, the growth-fueled Nasdaq Composite (^IXIC) has been hit the hardest. While Monday’s 3.43% decline doesn’t come close to registering among the 20 largest percentage drops of all-time, the 576-point sell-off was the eighth-largest nominal-point drop in the Nasdaq’s storied history.
Over a three-day stretch (Aug. 1-Aug. 5), the Nasdaq Composite has plunged 1,399.32 points and lost roughly 8% of its value. While there’s plenty of reason to believe this correction in the Nasdaq could turn into a full-blown bear market, there are also amazing deals to be had for patient investors with cash at the ready.
In particular, three no-brainer hypergrowth stocks stand out right now as phenomenal buys amid this historic Nasdaq sell-off.
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