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Stock impact report

This Is the Only Stock I Added to During the Recent Nasdaq Sell-Off -- and It Remains Jaw-Droppingly Cheap [Yahoo! Finance]

PubMatic, Inc. - Class A (PUBM) 
Company Research Source: Yahoo! Finance
The mature stock-powered Dow Jones Industrial Average , benchmark S&P 500 (SNPINDEX: ^GSPC) , and innovation-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) have all rallied to multiple record-closing highs this summer. But as the first three trading sessions of August reminded us, stocks rarely, if ever, move up in a straight line. Although growth stocks have undeniably led this rally, it was the Nasdaq Composite that really took it on the chin to begin this month. Over a three-session stretch, the index shed just shy of 1,400 points , or about 8% of its value. As of the closing bell on Aug. 5, the Nasdaq sat 13% below its all-time high. Typically, stock market corrections provide an opportunity for long-term investors to open positions or increase their stakes in amazing businesses at a discounted price. But with stocks being historically pricey, investors (myself included) have been more selective with their purchases. With history not on Wall Street's side, from a valuation s Show less Read more
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