3 Brand-Name Stocks to Absolutely Love During This Correction
We witnessed history last week, albeit not the type that investors typically tout to their family and friends. For the week, the 123-year-old Dow Jones Industrial Average, technology-driven Nasdaq Composite, and benchmark S&P 500 ended lower by 12.4%, 10.5%, and 11.5%, respectively. It was their worst single-week performance since October 2008, with Thursday, Feb. 27, delivering the largest single-session point losses in history for all three indexes.
Additionally, the S&P 500 took just six trading sessions and eight calendar days to go from an all-time closing high to an official correction (i.e., a decline of at least 10%, not rounded). That's the swiftest period of time for the S&P 500 to enter correction territory.
But amid this seeming chaos, there is good news: Valuations for certain companies just became that much more enticing. History has shown that buying high-quality businesses during corrections and holding them for long periods of time is usually a winning formula. Remember, each of the previous 37 corrections in the S&P 500 since the beginning of 1950 has been completely erased by a bull-market rally.
Source Fool.com
