For growth-oriented opportunities, many investors turn to Nasdaq -listed enterprises for good reason. Generally, they’re younger and thus offer significant upside potential compared to your average New York Stock Exchange -listed blue chips. To add even more oomph to your holdings, you can elect Nasdaq stocks to buy on the dip.
Here, we’re talking about publicly traded companies that offer relevant businesses that simply encountered a rough patch. But because the underlying fundamentals are solid, they have (likely) a better-than-average chance of jumping higher. Granted, adopting this approach is a double-edged sword.
By always swinging for the fences, your batting average may suffer. At the same time, throughout a long season, you may find yourself in games where you’re trailing badly. One extra run won’t bring you to level ground.
Instead, you got to go yard with runners on base. That’s basically the principle with Nasdaq stocks to buy on the dip: high risk for potentially high reward. Viper Energy (VNOM) Based in Midland, Texas, Viper Energy (NASDAQ: VNOM ) falls under the oil and gas midstream component of the hydrocarbon value chain.
This segment focuses on the transportation and storage needs of energy commodities. Basically, it acts as the link between upstream (exploration and production) and downstream (refining and marketing). As such, Viper plays a critical role in the broader infrastructural framework.
Since the start of the year, VNOM stock has jumped .
