These Stocks Are Down More Than 25%, and I'm Not Worried at All
Buying the dip is a popular investing strategy, though not every sell-off is a buying opportunity. The problem, according to Warren Buffett, is that "turnarounds seldom turn." As an investor looking to buy the dip, you need to be able to differentiate between stocks that are down temporarily and those that are more fundamentally impaired for structural reasons that won't easily change.
Two retail stocks currently down more than 25% are Target (NYSE: TGT) and Home Depot (NYSE: HD), but they should eventually recover. Here's why I'm not worried about the decline in these two popular retail stocks.
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Source Fool.com
Target Corp. Stock
€127.52
-6.680%
With 42 Buy predictions and 1 Sell predictions Target Corp. is one of the favorites of our community.
With a target price of 169 € there is a positive potential of 32.53% for Target Corp. compared to the current price of 127.52 €.
