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Financial planner Philip Chao, principal and chief investment officer at Experiential Wealth in Cabin John, Md., believes that “buying the dip” has been a successful strategy for a long time because stocks bought during their downturns enable investors to reap rewards when there is a rebound.
Corcept Therapeutics Incorporated (CORT), NextGen Healthcare, Inc. (NXGN), and Core Molding Technologies, Inc. (CMT) have suffered price declines recently but we think possess solid rebound prospects. So, it could be wise to scoop up their shares now.
