These 3 Stocks Are Timely Buys Amid the Market Sell-Off
It's been a rough start to the year as major market indexes sell off in the wake of Federal Reserve interest rate hikes. The Nasdaq Composite and S&P 500 indexes have fallen roughly 18% and 11% year to date, respectively, and the selling may not abate anytime soon. But rather than viewing this decline as a negative event, you should, instead, treat it as an opportunity to accumulate stocks of great businesses.
Think of it this way: It's tough to find great businesses trading at attractive valuations, and one of the few chances you'll have to buy them at enticing prices is when markets sell off. Of course, you need to ensure the companies you pick have certain attributes that qualify them as potential investments. Having a strong brand, a resilient business model, and a strategic plan to grow and expand are some examples of such characteristics. And if you're worried about catching a falling knife, you can always pace your purchases into these stocks rather than go all in.
Here are three stocks that look like great bargains amid this current sell-off.
Source Fool.com
