The S&P 500 Entered a Correction Last Week. 3 Stocks Down 20% or More to Buy on the Dip.
A stock market correction refers to a 10% to 20% pullback from a peak. The S&P 500 (SNPINDEX: ^GSPC) -- an index that includes roughly 500 of the country's biggest, profitable publicly traded businesses -- hit correction territory on March 13. It's the first time this has happened since 2022.During stock market volatility like corrections, shares of quality companies often go on sale, even if the market doesn't stay in the correction zone. This provides investors with better-than-normal chances to buy shares of quality companies at more attractive prices. And in my opinion, that includes PepsiCo (NASDAQ: PEP), Ulta Beauty (NASDAQ: ULTA), and PayPal (NASDAQ: PYPL) right now.Few businesses are as iconic as Pepsi. Not only is the company's beverage portfolio impressive -- a portfolio that now includes upstart prebiotic soda company Poppi thanks to a nearly $2 billion acquisition -- it also owns well-known snack brands, including chips from Frito-Lay. Given its scale and the breadth of its portfolio, the business is extremely stable and resilient, which means that Pepsi stock rarely goes on sale.Continue reading
A stock market correction refers to a 10% to 20% pullback from a peak. The S&P 500 (SNPINDEX: ^GSPC) -- an index that includes roughly 500 of the country's biggest, profitable publicly traded businesses -- hit correction territory on March 13. It's the first time this has happened since 2022.
During stock market volatility like corrections, shares of quality companies often go on sale, even if the market doesn't stay in the correction zone. This provides investors with better-than-normal chances to buy shares of quality companies at more attractive prices. And in my opinion, that includes PepsiCo (NASDAQ: PEP), Ulta Beauty (NASDAQ: ULTA), and PayPal (NASDAQ: PYPL) right now.
Few businesses are as iconic as Pepsi. Not only is the company's beverage portfolio impressive -- a portfolio that now includes upstart prebiotic soda company Poppi thanks to a nearly $2 billion acquisition -- it also owns well-known snack brands, including chips from Frito-Lay. Given its scale and the breadth of its portfolio, the business is extremely stable and resilient, which means that Pepsi stock rarely goes on sale.
