Written by Puja Tayal at The Motley Fool Canada
The TSX Composite Index fell 4.5% in August and is now back in recovery mode. A 4.5–5% dip and a rally of equal momentum have been the trend throughout the year. These short waves of dip and rally have created active investing opportunities in growth stocks to help investors make quick profits. Not all growth stocks are moving in tandem with the market. Some stocks are facing fundamental issues, while others are falling because of the bearish market. Stocks that can make you some immediate profits are the second type.
Three growth stocks to buy on the dip
I have identified growth stocks that are enjoying a normal business environment.
HIVE Digital Technologies
HIVE Digital Technologies (TSX:HIVE) stock has been moving in tandem with the TSX Composite Index after the 2022 tech stock meltdown. If you want to monetize the index, buy Hive stock as it falls 40% and…
