7 Dynamite Long-Term Stocks to Buy on the Dip | Markets

Why is earnings season the perfect time to make your move?

Earnings announcements lead to market volatility. So, this allows investors to bag top-quality stocks at a discount. The ongoing mixed earnings season has led to a dip in several stocks. And, while it could be a temporary reaction, it can allow you to load up your portfolio. Now is the time to start looking for long-term stocks to buy on dip.

Remember that temporary market volatility is just that, temporary. It could be an immediate reaction to the numbers or the guidance and will cool down in the long term. Some of the blue-chip stocks have seen a dip after the recent results announcement.

Let’s dive into the seven long-term stocks to buy on the dip.

Amazon (AMZN)

There are multiple reasons to add Amazon (NASDAQ:AMZN) to your portfolio but one of the biggest reasons is the dip in the stock after the results. The company missed revenue expectations and reported a lower guidance which led to a disappointment in the market.

Amazon reported a revenue of $147.98 billion and an EPS of $1.26. The Amazon Web Services (AWS) revenue stood at $26.3 billion while the advertising revenue missed expectations and came in at $12.8 billion.

The management added that consumers have become cost-conscious and are choosing cheaper products which will lead to a…