From PayPal to MercadoLibre: 3 Blue-Chip Stocks That Just Went On Sale

Many quality businesses are getting caught up in the wave of stock sell-offs that is sweeping the market. Share prices of diversified industrial giant Caterpillar (NYSE: CAT), Latin American e-commerce titan MercadoLibre (NASDAQ: MELI), and fintech leader PayPal (NASDAQ: PYPL) and are all down in price by roughly 20% in the last six months. From their 52-week highs, PayPal and MercadoLibre are both down 40% or more.

Here's why all three blue-chip stocks are worth buying on sale now.

Image source: Getty Images.

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Source Fool.com