3 Growth Stocks to Buy on the Dip: July 2024

InvestorPlace07-26

Three beaten-down growth stocks to buy on the dip. Lululemon (LULU): The company’s thriving international business gives this apparel maker a long runway for growth. Zscaler (ZS): Impressive product ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454317140?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-26 19:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2454317140","market":"us","top_or_hot":-1,"title":"3 Growth Stocks to Buy on the Dip: July 2024","media":"InvestorPlace","content":"<div>\n<p>Three beaten-down growth stocks to buy on the dip.\nLululemon (LULU): The company’s thriving international business gives this apparel maker a long runway for growth.\nZscaler (ZS): Impressive product ...</p>\n\n<a href=\"https://investorplace.com/2024/07/3-growth-stocks-to-buy-on-the-dip-july-2024/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Growth Stocks to Buy on the Dip: July 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Growth Stocks to Buy on the Dip: July 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/07/3-growth-stocks-to-buy-on-the-dip-july-2024/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Three beaten-down growth stocks to buy on the dip.\nLululemon (LULU): The company’s thriving international business gives this apparel maker a long runway for growth.\nZscaler (ZS): Impressive product ...</p>\n\n<a href=\"https://investorplace.com/2024/07/3-growth-stocks-to-buy-on-the-dip-july-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4579","symbol_name":"人工智能","start_time":0,"source_url":"https://investorplace.com/2024/07/3-growth-stocks-to-buy-on-the-dip-july-2024/","article_id":"2454317140","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454317140","pubTimestamp":1721991600,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Three beaten-down growth stocks to buy on the dip.Lululemon : The company’s thriving international business gives this apparel maker a long runway for growth.Zscaler : Impressive product portfolio has the potential to generate significant returns in the long haul.Investing in growth stocks is a tried-and-true investment strategy to earn long-term returns. These stocks refer to companies that consistently outpace the average returns in the industry. This is often fueled by their disruptive technologies and unique products or services. Growth stocks that can successfully capitalize on emerging trends can deliver significant returns for investors over time.Shares of LULU may be trending lower, but the signs point to plenty of upside for the stock in the long haul. The company’s impressive revenue numbers and growing business make it one of the best g","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4579":"人工智能","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC",".IXIC":"NASDAQ Composite","QLD":"纳指两倍做多ETF","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4503":"景林资产持仓","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","BK4573":"虚拟现实","BK4097":"系统软件","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","BK4581":"高盛持仓","BK4512":"苹果概念","PSQ":"纳指反向ETF","LU0072462426.USD":"贝莱德全球配置 A2","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4504":"桥水持仓","BK4202":"服装、服饰与奢侈品","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LULU":"lululemon athletica","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","ZS":"Zscaler Inc.","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","BK4515":"5G概念","SQQQ":"纳指三倍做空ETF","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","BK4575":"芯片概念","INTC":"英特尔"},"translate_title":"3只逢低买入的成长型股票：2024年7月","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZS":1,"LULU":1,".IXIC":0.9,"INTC":0.9,"TQQQ":0.6,"QLD":0.6,"SQQQ":0.6,"PSQ":0.6,"QID":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Three beaten-down growth stocks to buy on the dip.\nLululemon (LULU): The company’s thriving international business gives this apparel maker a long runway for growth.\nZscaler (ZS): Impressive product portfolio has the potential to generate significant returns in the long haul.\nIntel (INTC): Major beneficiary of the C.H.I.P.S. Act plans to invest in chip fabs and research centers nationwide. \n\n\n\n\n\n \n\nSource: Spyro the Dragon / Shutterstock.com\n\n\n\nInvesting in growth stocks is a tried-and-true investment strategy to earn long-term returns. These stocks refer to companies that consistently outpace the average returns in the industry. This is often fueled by their disruptive technologies and unique products or services. Growth stocks that can successfully capitalize on emerging trends can deliver significant returns for investors over time. \nFortunately, 2024 is shaping up to be a solid year for the stock market and high-growth companies are leading the charge. With several stocks trading at a premium, the key to long-term gains is landing a good stock at a bargain price. Stocks with strong fundamentals have the potential to generate significant long-term returns. Buying the dip is a great way to turn a period of uncertainty into an opportunity. \nFor investors looking to take advantage of the dip, let’s look at three growth stocks with plenty of room to go higher. \nLululemon (LULU)\nSource: lentamart / ShutterstockAlthough shares of Lululemon (NASDAQ:LULU) are sinking this year, we can expect a comeback in the long term. \nFor the last decade, the yoga-inspired apparel company dominated the athleisure scene with its popular leggings and belt bags. Now, LULU stock is down 44% this year despite beating revenue expectations in the first quarter. The decline, sparked by increasing competition and slowing sales in North America, has many questioning its future. \nWhile the concerns hold merit, the narrative remains slightly overblown because the company’s long-term prospects continue to remain bright. Let’s consider the latter headwind of slowing sales. While Lululemon reported only a 3% increase in regional sales, international sales surged by 35%. Sales in China grew by an impressive 45%. The international sales momentum will serve as a major growth catalyst for Lululemon which plans to quadruple its international revenue by 2026.\nComing to the former argument, Lulemon faces significant competition in the apparel space, with newcomers like Alo Yoga encroaching on its territory. However, the company holds a key advantage with its men’s clothing line. Although this is still a growing business, Lululemon’s expansion efforts will give it a competitive edge over its peers. The company plans to double men’s apparel revenue between fiscal year 2021 and fiscal year 2026.\nShares of LULU may be trending lower, but the signs point to plenty of upside for the stock in the long haul. The company’s impressive revenue numbers and growing business make it one of the best growth stocks to buy on the dip.\nZscaler (ZS)\nSource: Sundry Photography / Shutterstock.comZscaler (NASDAQ:ZS) is a cybersecurity company with a strong fundamental business and exciting growth prospects. Despite ZS shares dipping 22% lower in the last six months due to increased competition, it’s not all doom and gloom for the company. In fact, the pullback presents a great buying opportunity for investors. \nOne major tailwind is Zscaler’s impressive product portfolio. During the recent Zenith Live Event, the company announced several features including a breach prediction tool and a comprehensive and integrated platform. Along with the company’s Zero Trust Exchange platform, these will serve as major growth catalysts in the competitive cybersecurity space. \nThe company’s financials reflect the success of its business. In its third-quarter earnings, revenue breezed past analyst expectations and grew by 32.1% to $553.2 million. Its balance sheet remains just as impressive with a whopping $2.2 billion in cash and cash equivalents. Analysts showed the ZS stock plenty of love following earnings, giving it a strong buy rating. \nZS stock is trading lower as a result of intense competition in the industry. However, its strong financials and expanding product portfolio provide a long runway for growth. In other words, the current dip presents a great buying opportunity to capitalize on its future gains. \nIntel (INTC)\nSource: Tada Images / Shutterstock.comAs the chip wars heat up, Intel (NASDAQ:INTC) lags behind its industry peers. Shares are down 30% this year due to steep competition in the chip market. However, the dip presents a good buying opportunity for investors seeking a long-term play. Two key advantages will fuel Intel’s growth are U.S. semiconductor production and the demand for artificial intelligence (AI). \nImportantly, Intel is a major beneficiary of the Biden Administration’s C.H.I.P.S Act designed to support the manufacturing of U.S.-made semiconductors. As part of the deal, the company is slated to receive $8.5 billion which it will spend on building chip fabs and research centers nationwide. Intel’s competitors, Nvidia (NASDAQ:NVDA) and AMD (NASDAQ:AMD) rely on China-based companies for chip fabs. However, amid rising tensions between the U.S. and China, Intel’s investment in regional chip fab manufacturing will give it a competitive edge in the long haul. \nA second tailwind for the company is the AI boom. Semiconductors, such as those made by Intel and Nvidia, are integral to several AI-driven technologies. The company is investing heavily in its AI offering and recently unveiled its Gaudi 3 chips. According to Intel, these AI chips can be trained 40% faster than Nvidia’s H100 chips with 1.5x inferencing speed. As the demand for AI technology grows, Intel’s chips will provide a long runway for growth. \nIntel is one of the best growth stocks to buy on the dip. The company’s expanding position in U.S. chip manufacturing and AI demand will generate outsized returns in the long haul.\nOn the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. \nDivya has a background in finance and accounting and has worked in FP&A roles at Fortune 500 companies. She is an avid reader and enjoys writing on a variety of topics including stocks, crypto, blockchain and global policy.Consumer Discretionary, Cybersecurity, E-Commerce, Retail, Semiconductor, TechnologyGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/3-growth-stocks-to-buy-on-the-dip-july-2024/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454317140"}