Eighteenth-century British nobleman Baron Rothschild coined the phrase "buy when there is blood in the streets." While it's not always a good idea to buy a stock just because it's down, high-quality cyclical companies can be great long-term buys when their industries look grim in the near term.

That's why I'm still sticking with the following high-quality names. Each of these companies reported some rough-looking earnings results last week; yet despite that, both belong on your buy list today due to their competitive advantages and long-term growth prospects.

Continue reading

Source Fool.com