Stock market dropped, S&P and Nasdaq down, opportunity to buy undervalued stocks like Amazon, Alphabet, Ally.

From Yahoo Finance: 2025-04-08 05:41:00

The stock market recently experienced a significant drop, with the S&P 500 falling 18% below its February high and the Nasdaq Composite dropping 23%, entering bear market territory due to President Trump’s high tariff rates. Despite the volatility, it presents an opportunity to invest in undervalued stocks like Amazon, down nearly 30% from its peak, and Alphabet, down 29% from its peak, offering growth potential in cloud services. Ally Financial, trading 27% below its high, remains profitable with high credit quality loans. Shopify, down 41% from its high, still shows strong revenue growth. Advanced Micro Devices (AMD), down 53% from its high, has potential in data center and gaming chips, making it a good long-term investment.



Read more at Yahoo Finance: Here Are 5 Stocks Down 27% or More I’d Buy Right Now