Down 54%, Is It Time to Buy the Dip on This Growth Stock?

GXO Logistics slipped on its earnings report. Is it a buying opportunity? GXO Logistics (GXO -1.16%) is the world's largest pure-play contract-logistics company. The company was spun off from XPO in 2021 under the logic that as separate companies, each one could make acquisitions in its own interest and allocate capital in the way that best suited it. GXO has executed on that vision, making three acquisitions in three years and growing organically as well. However, a sluggish economy has presented challenge ...