Nasdaq Rebound Presents Buying Opportunities for High-Growth Stocks Like Nio, NextEra Energy, Jazz Pharmaceuticals, and Sea Limited
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The Nasdaq Composite recently rallied 43% in 2023 after dropping 33% in 2022, but remains 7% below its record high from over 2 years ago. This presents an opportunity to buy high-quality growth stocks at a discount.
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Nio, a China-based electric vehicle manufacturer, is perfectly positioned to increase production and market share in the massive Chinese auto market now that restrictive COVID policies have ended.
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NextEra Energy, a leading electric utility company, expects to bring between 32.7 GW and 41.8 GW of renewable energy projects online from 2023-2026 to fuel a superior long-term growth rate.
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Jazz Pharmaceuticals is poised for growth thanks to its focus on rare diseases, oxybate franchise securing long-term cash flow, and rapidly growing oncology segment projected to reach $1 billion in sales in 2023.
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Sea Limited operates high-growth divisions in digital entertainment, e-commerce, and digital financial services across fast-growing Southeast Asian markets, with over $7 billion in cash to support expansion.