Have Money You're Waiting to Invest? Buy These 2 Stocks When the Market Pulls Back

After a volatile stretch earlier in the year, the stock market is going through a patch of relative calm. Since its bottom on March 23, the S&P 500 is up over 40%. It's easy to fall into the trap of thinking the upward trajectory will continue unabated.

However, the recent surge in coronavirus cases and the uncertainties surrounding how long the pandemic will last -- or if localities will need to reverse course in reopening businesses -- could cause another market crash. Fiscal policy is another factor that can play a negative role. The bonus unemployment support of $600 per week is set to run out in July, which could take away an essential lifeline for millions of people.

Given the stock market's rapid bounce off the bottom and potential catalysts for another correction approaching, it's not a surprise that some people are waiting for a pullback before adding to their portfolios. If you've been putting aside money, waiting for the next opportunity to put those funds to work, here are two stocks to consider.

Source Fool.com