Down 30% to 50%, These Stocks Are Essential Bear Market Buys
The bear market is a dark cloud. But it does have a silver lining. And that's the fact that it's giving us the opportunity to buy fabulous companies at bargain prices. These are companies that have demonstrated earnings strength in the past -- and have promising long-term prospects.
The thing about a bear market is it doesn't just hurt struggling companies. It also weighs on the performance of solid companies that could boost your portfolio over the long haul. The stocks I'll mention here have lost 30% to 50% this year. But they have what it takes to rebound -- and thrive over time. Let's check out these three essential bear market buys.
Home Depot (NYSE: HD) has slipped 31% this year -- even as the company's earnings hit a major milestone. In the second quarter, Home Depot reported its highest quarterly sales and profit ever. And these figures reach into the billions of dollars. The world's biggest home improvement retailer reported sales of more than $43 billion and net earnings of $5.2 billion.
Source Fool.com
