Down 36%, Investors Should Buy the Dip on This Best-In-Class Retail Stock
It's a premier time for long-term investors to buy stocks. Sky-high inflation, the Fed's interest rate hikes, and effects from the war in Ukraine have shattered financial markets, causing investors to ignore fundamentals and make decisions based solely on sentiment. The S&P 500 has dropped 19.6% year to date, and growing chatter about a potential recession has begun to startle investors even more.
Having an extended time horizon eliminates the need to focus on short-term headwinds, making it easier for investors to choose great businesses. Although it might feel uncomfortable doing so, now is an optimal moment to purchase shares of several outstanding companies. So here's one best-in-breed retail stock that investors should pounce on amid the ongoing sell-off.
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Source Fool.com
