Business & Investment

Buy Now 1 Tanking TSX Stock

Image Source: Getty Images

Growth stocks have recently been blamed for damage purge Or sold out seems to set the stage for a lovely Santa Claus rally. Indeed, the bounce is probably quite late, given all the damage already done to some of the fast-growing companies.

ARK Invest’s Cathie Wood seems to see the recent growth-focused sell-out as a buying opportunity for those who are willing to oppose grain. Indeed, the “deep value” she is currently seeing is likely to be feasible by people with an investment period of more than three years instead of three months.

In any case, Omicron’s jitter has already been burned here, so I’ll start thinking about making some purchases at least one of the strongest seasonal periods in the stock market.

In this work, we’ll take a closer look at tanking growth stocks that seem unable to take a recent break. This is much better than the broader TSX index, but it can bounce at above average rates over time. Well, I don’t know if Santa Rally will appear this year. Anyway, long-term investors need to focus on making solid profits for the next few years, rather than aiming to make money right away from short-term dips.

Consider it without any further hassle Nuvei (TSX: NVEI)(NASDAQ: NVEI)One magnificent TSX strain that you can have the most Room to run If Santa Claus presented us with a large relief rally starting next week.

Nuvei: Top Tanking TSX Stocks to Buy at Dip

Nuvei has been one of the most popular strains since it was launched on TSX about a year ago. Sure, it was hard to stop the bright red momentum, and if you got behind the name, you were rewarded with a fast multi-bagger. However, the short seller who made a serious claim robbed the punch bowl. Indeed, simple money for Montreal-based payment players has already been made.

NVEI’s share collapsed, losing more than 65% of its value within a few months. But at a bailout rally on Tuesday, stocks jumped more than 16% in a single day. Is there more of the same, or is it continuing to decline?

There are many thoughts in a recent short report on the company, but there seems to be no “smoking gun” that rushes investors to the exit. It’s hard to tell if shorts are completely unfounded, but shorts have a fairly mixed track record targeting the hottest Canadian tech stocks these days, so by ear. I think it’s wise to give it a name.

Nuvei is moving forward and on the rise to navigate the latest sold outs. Shorts, worsening growth trade, and macro issues related to Omicron seem to be more than burned in, making NVEI a high-risk / high-paying play for ventures.

Revenues for Canadian Investors

It’s difficult to catch a falling knife. But in the case of Nuvei, I think there is a lot of confusion that is clouding the immediate long-term growth story. Investors will be wary of recent short claims, but I think it’s still working. Over time, I believe Nuvei can move on and prove to investors that it is the king of legitimate growth. If so, growth stocks may rush back to new highs.

Buy Now 1 Tanking TSX Stock Buy Now 1 Tanking TSX Stock

Back to top button