The S&P 500 Just Hit Correction Territory: Here Are 5 Stocks That Are Simply Too Cheap to Ignore Right Now
On March 13, the S&P 500 finished the day down 10% from its previous all-time high. This officially pushed the stock market into what's known as "correction" territory, even if this is a misnomer. After all, who's to say whether the price of the S&P 500 is more correct today versus yesterday or tomorrow?It's not important to know that a 10% pullback is called a market correction. There are two things more important. First, stock market corrections happen every couple of years -- it's normal. Second, stock market corrections have always been a great time to pick up shares of good companies for cheap.As I look across the stock market, I feel as though I'm seeing more buying opportunities than I usually do, making it quite easy for me to come up with a list of five stocks that are simply too cheap to ignore. I could have named even more if I needed to. But today, I want to highlight why Lyft (NASDAQ: LYFT), Shift4 Payments (NYSE: FOUR), Comfort Systems USA (NYSE: FIX), Crocs (NASDAQ: CROX), and Airbnb (NASDAQ: ABNB) could all be timely stocks to buy today.Continue reading
On March 13, the S&P 500 finished the day down 10% from its previous all-time high. This officially pushed the stock market into what's known as "correction" territory, even if this is a misnomer. After all, who's to say whether the price of the S&P 500 is more correct today versus yesterday or tomorrow?
It's not important to know that a 10% pullback is called a market correction. There are two things more important. First, stock market corrections happen every couple of years -- it's normal. Second, stock market corrections have always been a great time to pick up shares of good companies for cheap.
As I look across the stock market, I feel as though I'm seeing more buying opportunities than I usually do, making it quite easy for me to come up with a list of five stocks that are simply too cheap to ignore. I could have named even more if I needed to. But today, I want to highlight why Lyft (NASDAQ: LYFT), Shift4 Payments (NYSE: FOUR), Comfort Systems USA (NYSE: FIX), Crocs (NASDAQ: CROX), and Airbnb (NASDAQ: ABNB) could all be timely stocks to buy today.
