Now's the Time to Buy These Stocks
It can be said that timing the market is a fool's errand, but a general rule I would use to determine if I should be buying or selling is to observe the general level of the market. This provides me with a feel of the overall sentiment and acts as a gauge of the level of optimism and pessimism present.
The COVID-19 pandemic has understandably caused a lot of panic and distress. The market has collapsed in record time as the economy grinds to a halt due to mall and store closures, while massive job losses mean that consumers are unlikely to be able to spend for quite some time. While it remains to be seen if the massive fiscal stimulus announced by the U.S. government can help to buffer businesses and rekindle growth again, investors are witnessing a collapse in valuations just four months into the new year.
The market today is trading at levels that make valuations very attractive if we are to consider a longer-term investment horizon. This makes it a wise time to accumulate stakes in these two companies.
Source Fool.com
