3 Top Stocks to Buy In a Market Pullback

It may sound surprising, but I am an investor who looks forward to market corrections. Why? Because the resulting lower valuations and cheaper stock prices make great, well-run companies even more enticing. Such market pullbacks represent the perfect opportunity to accumulate shares of strong companies that you can keep over the long term.

Of course, it's not as simple as just indiscriminately buying a smattering of companies when share prices decline across the board. It's important to be selective and target businesses that display certain characteristics. These include a strong and recognizable franchise, market leadership, an ability to keep growing sustainably, and a capable management team. Such attributes can help you select great stocks that can compound your wealth and set you up for a comfortable retirement.

Here are three stocks that qualify to be in your portfolio should the market correction continue.

Source Fool.com