3 Bear-Market Opportunities to Build Generational Wealth
Bear markets can be challenging times for investors. No one likes to see their portfolio values decline by more than 20%.
However, there can be a silver lining. Great companies often go on sale during a bear market, providing investors opportunities to create generational wealth over the long term. Three high-quality wealth creators that are currently on sale are Rockwell Automation (NYSE: ROK), Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), and NextEra Energy (NYSE: NEE). Here's why three Fool.com contributors believe they look like great companies to own for those desiring to create generational wealth.
Reuben Gregg Brewer (Rockwell Automation): The risk of a recession seems very high today, as the United States has already experienced two consecutive quarters of declining gross domestic product. That's the unofficial measure of a recession. The corporate playbook at times like this is pretty simple: cut costs. Rockwell Automation's products and services help companies do just that. And yet the stock has fallen by a third from its early 2022 peak.
Source Fool.com
