Is It Time to Buy the Dow's 3 Worst-Performing September Stocks?
Most investors understand the theory behind a good stock being an even better opportunity when its price is lowered. However, a lower price doesn't necessarily make a stock a good pick; if it's not worth owning, it's not worth owning at any price. That's true even among the blue chips that make up the Dow Jones Industrial Average (DJINDICES: ^DJI).
If you don't know enough about a particular Dow stock to make a buy/avoid decision, a sizable pullback can offer a good reason to take a closer look. Doing so might just find you a great stock that has briefly gone on sale.
With that in mind, September's worst-performing names of the Dow Jones Industrial Average were Nike (NYSE: NKE), 3M (NYSE: MMM), and Goldman Sachs (NYSE: GS), down in price 11.9%, 9.1%, and 8.2%, respectively. Here's a closer look at all three stocks, what went wrong, and whether or not the pullback is a buying opportunity.
Source Fool.com
