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Five stocks to buy on the big dip

Amazon.com (AMZN)

It’s not necessarily the stocks that have fallen the farthest that you want to buy after a dip. On the contrary, if a stock shows exceptional resilience when the market is falling, it will often push higher faster than other when the market rebounds. Of the market’s two bad days, Amazon began the first having just announced a far more profitable fourth quarter than anyone expected. That raises the question: how powerful would Amazon become if in addition to being a sales giant, it became a profit giant as well? AMZN shares went from $1,390 to $1,442 between the opening bell on Friday and the closing bell on Tuesday. I expect shares will trade at $1,700 by the end of the year, and maybe quite a bit higher.

AMZN

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Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.