From Nasdaq, Inc.: 2024-05-07 07:41:00

The “Dogs of the Dow” investing strategy involves buying blue-chip stocks with high dividend yields that are currently down. Some investors swear by this method, but what if we apply it to the tech-heavy Nasdaq exchange instead? By using a stock screener and setting parameters, we can find undervalued stocks ready for a rebound.

In April 2024, VinFast Auto, a Vietnam-based maker of electric vehicles, saw a 47% drop in its stock price. Despite entering the market with a bang and soaring in value, VinFast has since struggled and faces potential cash flow issues. This may not be the right time to invest in the company.

MicroStrategy, an enterprise software company heavily invested in Bitcoin, experienced a 35% drop in stock price in April. The company’s reliance on Bitcoin prices has led to unpredictable business results and financial risks. While it may present an opportunity for Bitcoin believers, the stock comes with volatility and uncertainty.

Saia, a less-than-truckload shipping company, saw its stock price drop by 32% in April after falling short of revenue estimates in the first quarter. Despite this, Saia remains profitable and is expanding its operations. The stock’s recent correction could be an entry point for investors looking to capitalize on a high-quality company at a lower price.

Read more at Nasdaq.: Is It Time to Buy April’s Worst-Performing Nasdaq Stocks?