2 Great Stocks You Can Buy on Sale
The investing community just got introduced to a new category of stock: "Meme stocks." The now-famous (or infamous, depending on who you ask) subreddit r/WallStreetBets has painted a target on Wall Street's forehead by uniting droves of retail investors. The goal: Take down hedge funds by buying shares and calls in heavily shorted companies like GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC). The resulting surge in both company's stock prices spooked the market and contributed to the S&P 500's worst decline since October.
Long-term investors should ignore the meme stock mania and focus on companies with steady earnings and bright futures. Here's why coffee giant Starbucks (NASDAQ: SBUX) and solar tracker designer Array Technologies (NASDAQ: ARRY) are two stocks worth buying on sale right now.
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Source Fool.com
