1 Magnificent Dividend Growth Stock Down 16% to Buy Right Now During the Market Correction
The silver lining to any stock market correction is that many excellent businesses trading at lofty valuations quickly become more palatable price-wise. The S&P 500 (SNPINDEX: ^GSPC) had briefly dipped into correction territory last week, and while it has recovered a bit, the broad market indicator is still down 8% from the all-time high it had reached last month. The index is also down 4% for this year so far.Meanwhile, the technology heavy Nasdaq Composite is still down nearly 12% from its recent highs. Continue reading
The silver lining to any stock market correction is that many excellent businesses trading at lofty valuations quickly become more palatable price-wise. The S&P 500 (SNPINDEX: ^GSPC) had briefly dipped into correction territory last week, and while it has recovered a bit, the broad market indicator is still down 8% from the all-time high it had reached last month. The index is also down 4% for this year so far.
Meanwhile, the technology heavy Nasdaq Composite is still down nearly 12% from its recent highs.
