Hunt for a Red October: Stocks to Buy During Correction

Welcome to the stock market correction. At the rate we're going, we should tag at least a 7% drawdown in the Nasdaq 100 to 14,600.

As I explained last week before the Fed meeting ended, I was looking for an expansion in volatility and a break of the 9/20 lows...

September Swoon Just Getting Started: Dial In Your Buy Targets

That swoon resumed yesterday with another gap down and a -2.86% drubbing for the big-cap Tech index.

In the video that accompanies this article, I reiterate my downside targets for the NDX and the S&P 500.

Plus, I share my ideal buy ranges for several blue-chip growth stocks like NVIDIA NVDA, Shopify SHOP, and The Trade Desk TTD.

I also explain why I'm staying long a particular 3X bearish ETF on the Nasdaq 100 and how I plan to flip out of it into a 3x bullish ETF.

I'm actually excited about the buying opportunities that could arise if the Nasdaq 100 makes a full 10% correction down to 14,000.

And I want investors to know how to get the bargains they envision in some of my other favorite stocks like Square SQ and Advanced Micro Devices AMD.

The way you do it is by having a plan and being ready to outsmart the lightning-fast algo stop-hunters.

Since the algos will be hunting for a Red October whether we like it or not, you might as well plan ahead and let them help you buy your favorite stocks on sale.

Disclosure: I own shares of AMD, TTD, NVDA, and SQ for the Zacks TAZR Trader portfolio.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.