These 3 Stocks Are Timely Buys Amid the Market Sell-Off
Volatile markets cause stress for investors but also create opportunities to buy stocks with solid long-term growth prospects. Of course, it helps if they trade at reasonable valuations, too. With that in mind, investors should take a closer look at security doors and locks company Allegion (NYSE: ALLE), electrical-products maker nVent Electric (NYSE: NVT), and Google owner Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
There are two main reasons to take advantage of the share-price dip and buy Allegion stock for the long term. First, the company has a long-term growth opportunity due to electro-mechanical convergence in the security industry.
In plain English, doors and locks will no longer simply be mechanical. Instead, they will increasingly be electronically connected and use internet of things (IoT) technology to create more functionality and complexity. Think of a commercial building that can control and monitor which employee has access to which room, and when they were in it. Increased sales of electronic locks, software, and control systems should boost profit margin, too.
Source Fool.com
