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Buying a dip can sometimes feel like catching a falling knife.
This growth stock fell out of favor with investors for several macroeconomic reasons. However, it has recently focused more on profitability, which could be a catalyst for recovery in 2023.
*Stock prices used were the afternoon prices of March 28, 2023. The video was published on March 30, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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