Investors often seek out income stocks to hold forever, counting on the income to make up for a rocky market.
The stock market’s steep drop incited panic, pressuring wary investors to sell the good companies along with the bad. Patient investors should take advantage of the market’s panic selling by scooping up income stocks at a discount. These companies’ ability to grow or sustain their market share in tough times is especially compelling.
Perceptive investors should look beyond the basic financial valuation metrics. Price-to-earnings and price-to-sales are ratios that readers may easily obtain for free.
These seven stocks are in the bargain bin after falling by up to 10% recently.
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