The January market sell-off in equities was quite decisive. As investors prepare for fed rate hikes, weak inflation data, and geopolitical tensions in Europe, we have seen massive declines. But this drop also means that there are some assets that are now undervalued.
The following are some stocks to consider after the January dip, especially for folks who want to hold for the long term:
Netflix Inc (NFLX)
Netflix Inc (NASDAQ:NFLX) has seen major dips in the last few weeks. Although the stock has fallen due to larger economic and geopolitical factors in the market, we also saw the company miss its yearly new subscriber target. As a result, it feels nearly 20% in a single day.
Data Source: Tradingview
The stock is also down around 31% year to date. There has always been this feeling that tech stocks have often been overvalued. As Netflix sees a major correction, it seems like the price is now right to get in. After all, Netflix is the king of streaming and will remain so for quite some time to come.
Meta Platform Inc (FB)
Meta Platforms Inc (NASDAQ:FB), which is formally Facebook, is trying to diversify its services away from social media. Although the social media business will remain crucial, the launch of the Metaverse by Facebook is a big play for the future.
Meta is down nearly 30% the last month alone. This is the perfect dip to get in and unlock the expected growth of metaverse universes.
The post Buying the dip – Stocks to consider after the January market sell-off appeared first on Invezz.