Ask yourself this: Would you rather have bought Amazon shares for $106.70 in December 1999, or for $5.97 in September 2001?
Sometimes it pays to wait for a pullback.
Here's the thing with the stock market though: That same year that Amazon cratered, other stocks did too, and many didn't rebound or survive. Think Pets.com, Flooz.com, and many other dot-coms we've long since forgotten.
Pullbacks are when millionaires are made and lost.
The key is to know the difference between buying low for a bargain and catching a knife when it's falling.
This is more relevant now than ever. Many stocks soared during the pandemic into 2021 and then crashed down to earth… and many have yet to fully recover. Some sold off due to poor results as pre-pandemic life began to resume, while others got caught up in a flood of fear while their underlying performance continued to improve.
Like one company that has seen a 55% pullback from its all-time high, all while growing topline revenue by 32% YoY in the third quarter of last year (revealed in a new report — more on that below).
Or another online powerful tech company has seen a 46% pullback in price — despite YoY growth and net retention rates exceeding 100%.
The analysts at Motley Fool Stock Advisor have a long-standing record of picking winning stocks.
In fact, we recommended Amazon in September 2002, when shares (split-adjusted) were just $0.77. Purchasing back then would present you with a 26,174% return today.
And Netflix in December 2004, when shares were just $1.85 — delivering an 52,246% gain today.
Don't forget Tesla in November of 2012, when shares were an adjusted rec price of $2.12 — producing a 12,717% gain.
Our team has now compiled a list of three stocks whose prices tanked due to recent market sentiment — but that have strong underlying fundamentals and growth catalysts that set them up for a lot of future success.
We're revealing all of these stocks in our new "Pullback Stocks" report available for FREE to Stock Advisor members.
Warren Buffett has said, "Be greedy when others are fearful."
And right now is that time.
Pullbacks make millionaires and billionaires — but only if you handle them smartly.
Click here to learn more about Stock Advisor and how to access our "Pullback Stocks" report now, so you can invest before these stocks make a rebound.
Do you know which stocks we're talking about?
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