For most investors, it's no fun watching a volatile stock market sink stocks and lower prices. But sometimes what's good for the markets and what's fun aren't in sync. Markets need corrections on occasion to reset things and start new cycles of growth. The fear and worry in your gut from seeing the red in your portfolio can also be a chance to start a new cycle of growth for your portfolio. All it takes is some stocks being unfairly undervalued by the markets.

Market volatility doesn't discriminate, and some high-quality companies are seeing their stocks trade on the cheap. Here are five to consider adding to your diversified portfolio.

Target (NYSE: TGT) is one of the leading retailers in the United States. It's endured steep competition from companies like Walmart and Amazon to maintain growth, pay and raise a dividend for 55 consecutive years, and successfully pivot into e-commerce to remain competitive.

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Source Fool.com