2 Bargain-Basement Stocks to Buy Before the Next Bull Market
Right now, the market is offering investors an opportunity you won't want to miss. And that's the chance to get a great deal on stocks that may excel in the next bull market. What sorts of stocks are these? They are companies that have proven their ability to grow in the past and have the type of businesses that should benefit when consumer spending takes off again.
The bear market scared many investors away from these players because they depend on shoppers' buying power, and in a world of rising inflation, shoppers have cut spending. As a result, valuations of many top consumer goods companies have dropped to bargain-basement levels. Let's check out two to buy before the next bull market.
Home Depot's (NYSE: HD) earnings have soared over the past few years. The world's biggest home improvement retailer saw demand increase as people stayed home more and focused on projects there. Sales climbed by more than $47 billion dollars over the past three years. That represents a compound annual growth rate (CAGR) of 12.6%. Home Depot also has seen its investments pay off over time, with return on invested capital rising.
Source Fool.com
