3 Stocks to Buy If They Take a Dip

To paraphrase Benjamin Graham, the man who helped to train Warren Buffett, a good company can be a bad investment if you pay too much for it. Basically, valuation matters. However, you need to prepare ahead of time when it comes to buying great companies, because they don't go on sale very often. And when they do take a dip they can be hard to buy because things could be pretty bleak.

That's why you need to make a wish list of stocks to buy, which today includes three companies -- (NYSE: HSY), Procter Gamble (NYSE: PG), and Nucor (NYSE: NUE). Here's why these three stocks are worth buying on the dip.

When you hear the name Hershey, you probably think of chocolate, which makes complete sense. It is the dominant player in the U.S. market, with names like Hershey, Reeses, and Kit Kat. The domestic confection business accounts for around 80% of sales. This is a fairly strong business given that people love sweets. But it isn't the only business the food maker operates.

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Source Fool.com