Got $3,000? These 5 Beaten-Down Stocks Are Begging to Be Bought
For the past three months, investors have had their willpower tested like never before. That's because the coronavirus disease 2019 (COVID-19) pandemic has pushed almost 39 million people out of work over a nine-week stretch, led to record-breaking stock market volatility as measured by the CBOE Volatility Index, and was responsible for erasing 34% from the benchmark S&P 500 in just 33 calendar days. Put simply, we've never seen moves like this before...ever.
But if there's one thing we've learned about panic selling as long-term investors, it's that it creates opportunity. No matter how dire things may have appeared in previous bear markets, bull-market rallies eventually erase all evidence of downward moves in the stock market. That makes a bear market the perfect time for long-term investors to go shopping for deeply discounted stocks.
Image source: Getty Images.
Source Fool.com
