Bargain Hunting Before the Next Bull Market? 2 Stocks to Buy Now.
A bull market may be right around the corner. Many stocks have rallied since the start of the year, and that's pushed indexes higher. In fact, the S&P 500 has climbed more than 20% since the bear market low reached in October. For the bull market to officially begin, though, indexes must reach new highs. That hasn't happened yet.
Meanwhile, we can prepare by buying stocks that are bargains today -- but may take off in the next bull market. Looking for some ideas? I've got two. Home improvement giant Home Depot (NYSE: HD) and telemedicine leader Teladoc Health (NYSE: TDOC). Let's check out these two bargains to buy before a new bull market.
Looking at Home Depot's latest earnings report and outlook may not inspire you. In the quarter, sales at the world's largest home improvement retailer slipped about 4%, and net earnings fell about 7%. And, due to weakening consumer demand and other factors like lower lumber prices, the company forecasts declines for the year too.
Source Fool.com
