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Should You Buy the Dip in This Blue Chip Retailer?

·3-min read
Should You Buy the Dip in This Blue Chip Retailer?

Concerns over high inflation and slowing economic growth have caused the Nasdaq Composite to plummet nearly 30% year to date. Down 36% so far this year, the off-price retailer Ross Stores (NASDAQ: ROST) has been hit especially hard. When Ross Stores reported its earnings results for the first quarter on May 19, the company missed both analysts' sales and diluted earnings per share (EPS) expectations.

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