1 Growth Stock Down 60% to Buy Hand Over Fist in the Nasdaq Correction

After stellar performances in 2023 and 2024 that resulted in a two-year gain of 84.5%, the Nasdaq Composite fell as low as 17,303.01 on March 13 -- a drop of 14.2% drop from the high of 20,173.89 it set on Dec. 16. With that downturn exceeding 10%, the index officially entered correction territory. Although the Nasdaq Composite has ticked up a bit over the past few weeks, it is still about 10% lower than its previous high.Whether it will slide again from here or not in the near term is, of course, anyone's guess. However, historically, many stock market corrections have been followed by strong market recoveries. According to data from Clearnomics and Standard & Poors, as analyzed by Covenant Wealth Advisors, markets on average fall from peak to bottom for five months and then recover in an average of four months. While we can't assume past performances will predict future results, we can take note of common trends.In that light, now may be the right time to invest in high-quality, financially sound companies that possess strong competitive moats and that are trading at discounted valuations. One such stock is The Trade Desk (NASDAQ: TTD). Its shares are down by nearly 52% in 2025 and are off by 60.2% from the all-time high they touched in December.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool