3 No-Brainer Stocks to Buy in a Market Correction
Bear markets are painful, but they can actually be healthy for the stock market. For instance, they tend to push investors with limited conviction to get out of stocks. If you think long-term, however, you'll see deep corrections as a chance to buy (often great companies) while others are fearful. The key is to decide ahead of time what stocks you'd like to pick up if only they were selling for a cheaper valuation.
Three stocks you might want on your list are Prologis (NYSE: PLD), Enterprise Products Partners (NYSE: EPD), and Chipotle Mexican Grill (NYSE: CMG). Let's see why these three no-brainer stocks are ones to buy in a market correction.
Real estate investment trust (REIT) Prologis owns warehouses across the world, with over 1.2 billion square feet of space and more than 6,600 customers. It is easily one of the biggest names in the warehouse space and has operations in the most important global trade hubs. During 2020, when the coronavirus pandemic upended consumer buying patterns and supply chains, the stock started to move sharply higher. That advance peaked in 2022 when economic growth began to stall, leading to a roughly 20% price decline over the past year.
Source Fool.com
