This "Magnificent Seven" Stock Looks Like a Steal Amid the Sell-Off
This week's stock market movement features a lot of fear. Tech stocks sold off heavily, while safe-haven stocks like utilities and pharmaceuticals saw increased interest. The entered correction territory, falling more than 10% off its recent highs. A relatively weak jobs report (114,000 created vs. 185,000 estimates) has some thinking about a recession again and selling stocks. Many investors get understandably jittery during these events. However, market pullbacks are entirely normal.
I look forward to these opportunities. Finally, investors can purchase stocks at reasonable prices rather than at all-time highs.
Even the "Magnificent Seven" stocks are not immune to a correction. Amazon (NASDAQ: AMZN) is trading 20% below its recent high, as shown below.
Source Fool.com
