3 Stocks That Are Great Long-Term Picks
The stock market has been brutal this year. Among the 503 tickers in the S&P 500 index, a whopping 225 currently trade more than 20% below their yearly highs. The devastation would have been even worse if the Federal Reserve hadn't shown some signs of lighter interest rate policies in recent weeks.
But there's a silver lining to the inflation-tinged storm cloud over Wall Street. Some of the strongest businesses on the market were swept up in the market's discount mania, opening up tremendous buying windows for long-term investors.
So don your nerves of steel and follow me down. I'll show you some incredible long-term buys in today's distressed stock market. All of them are down 50% or more from all-time highs that were set in 2021 -- and they are poised to recover in grand style over the next couple of years.
Source Fool.com
