3 Stocks You’ll Be Glad You Bought at These Prices – The Motley Fool
A slumped stock market has produced many great buying opportunities among growth stocks.
When the stock market falls sharply, the stocks of many great companies often go on sale. That has happened in spades lately. The stock market, as measured by the S&P 500, was recently down about 21% from its 52-week high — while many stocks have seen their shares implode by 50%, 75%, and perhaps even more.
Here are three companies in which you might want to invest, now that their stocks are at much lower levels than they have been in quite a while.
1. Nike
Nike (NKE 6.63%) is “the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.” That’s no surprise to most of us. You might be surprised to learn that the venerable Converse brand is now part of Nike, though.
Nike is facing competition from companies such as Adidas and New Balance, and is challenged by supply chain…
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