A couple of growth stocks that are trading near their 52-week lows and can be tempting options to just buy and forget about include Seagen (NASDAQ: SGEN) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Its price-to-earnings ratio of 21 looks like a steal for a business that is still growing revenue at a rate of 23%.
If you're a "buy on the dip" kind of investor, the current pullback is a doozie of an opportunity. Although the S&P 500 (SNPINDEX: ^GSPC) finished last week on a high note, the index still sits 13% below March's high and remains down 16% for the year. While investor sentiment is understandable, some sell-offs have been overdone.