2 S&P 500 Stocks to Buy on Sale Right Now
It's not fun to see the value of your investments suddenly dive, but the truth is the stock market was due for a correction after two strong years of returns. At its recent peak, the S&P 500 (SNPINDEX: ^GSPC) traded at a price-to-earnings (P/E) multiple of 30, which is well above its 16 average historically.A great strategy to approach the current market environment is to focus on stocks of quality businesses that trade at discounts to the market average P/E. Here are two outstanding businesses you can buy on sale right now.The recent dip in the stock of Constellation Brands (NYSE: STZ) is a rare opportunity to buy one of the leading beverage giants at a discount. Constellation is the top brewer of imported beer in the U.S., and it also owns seven of the top 100 premium wine brands. The stock looks undervalued at a forward P/E of 12.5, with an above-average dividend yield to sweeten the deal.Continue reading
It's not fun to see the value of your investments suddenly dive, but the truth is the stock market was due for a correction after two strong years of returns. At its recent peak, the S&P 500 (SNPINDEX: ^GSPC) traded at a price-to-earnings (P/E) multiple of 30, which is well above its 16 average historically.
A great strategy to approach the current market environment is to focus on stocks of quality businesses that trade at discounts to the market average P/E. Here are two outstanding businesses you can buy on sale right now.
The recent dip in the stock of Constellation Brands (NYSE: STZ) is a rare opportunity to buy one of the leading beverage giants at a discount. Constellation is the top brewer of imported beer in the U.S., and it also owns seven of the top 100 premium wine brands. The stock looks undervalued at a forward P/E of 12.5, with an above-average dividend yield to sweeten the deal.
