For the final two-and-a-bit years, the Nasdaq Composite has been an excellent looking floor for traders in search of shares to purchase. By mid-February, the tech-driven index had skyrocketed 94% inside that interval!

Nonetheless, it ended final Thursday (6 March) at 18,069 factors. This meant it had fallen greater than 10% since December, formally placing it in correction territory.

No person is aware of the place issues will head subsequent, however historical past suggests that purchasing high-quality Nasdaq shares on earlier dips has been a profitable technique for long-term traders.

Listed below are two shares I believe are value contemplating.

MercadoLibre

The primary is MercadoLibre (NASDAQ: MELI). That is the Amazon/PayPal of Latin America, working throughout 18 nations. In addition to working the area’s largest e-commerce market, it has fast-growing fintech and promoting companies, in addition to an Amazon Prime-like subscription service.

In 2024, the corporate’s income soared 38% 12 months on 12 months to $21bn, whereas web revenue nearly doubled to $1.9bn. 

The inventory isn’t low-cost at 5 instances gross sales and 43 instances ahead earnings. MercadoLibre should continue to grow rapidly to justify its valuation, whereas additionally keeping off competitors from low-cost Chinese language procuring apps. These are dangers to contemplate.

Based on administration although, Latin America’s nonetheless a decade behind the US by way of e-commerce penetration. And MercadoLibre goals to develop its annual customers from 100m in the present day to 300m over the long term.

These figures spotlight the numerous alternative forward. The share price is down 11.1% since February, providing a possible dip-buying alternative to research.

Alphabet

Subsequent up is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Because the ticker symbols point out, that is the father or mother firm of Google and every part that entails (Google Search, Google Cloud, YouTube, Android, and many others).

At $175, the share price is 15.4% decrease than it was only a month in the past. This places the tech inventory’s ahead price-to-earnings (P/E) ratio at a cheap-looking 19 instances. That’s manner decrease different ‘Magnificent Seven’ tech shares and the broader Nasdaq index.

Why are the shares low-cost? I believe there are a few key considerations right here. First, the US Division of Justice is pushing to interrupt up Google. Accusing it of being a monopoly, it needs the tech big to promote its net browser, Google Chrome and, probably, Android. So this uncertainty’s hanging over the inventory.

One other danger is that almost all of Alphabet’s income stem from digital promoting on Google and YouTube. There’s rising concern that the US may dip right into a recession. In that case, this might influence Alphabet’s income for a few quarters.

In my eyes although, the long-term positives outweigh the dangers right here. Analysts see the corporate rising income to round $480bn in 2027, up from $350bn final 12 months. Earnings are additionally anticipated to develop double digits, giving a ahead P/E a number of of simply 15 for 2027.

In the meantime, Alphabet’s robotaxi subsidiary, Waymo, carried out greater than 4m driverless taxi rides final 12 months. It plans to broaden globally over the subsequent decade, probably disrupting conventional taxi providers by changing human drivers with autonomous autos.

Lastly, Google’s a pacesetter within the rising area of quantum computing. Its new quantum chip, Willow, has achieved advances in quantum error correction, finishing in underneath 5 minutes a computation that may take current supercomputers 10 septillion years to finish.