COST - 12 Top Stocks For A Bear Market - Automatic Data Processing Is Our Favorite

• Though the prices of many high quality stocks have fallen by double-digit amounts YTD, a thorough scan of the S&P 500 finds that these stocks are still overvalued.
• I scanned the whole S&P 500 for non-cyclical stocks with excellent credit histories, strong growth histories and growth forecasts, and came up with 12 candidates for Bear Market buys.
• I calculated a "Bear Market Price" based on their current earnings and the P/E ratio these stocks reached in December 2018's brief Bear Market.
• ADP is most likely to reach a price near its Bear Market Price if the market continues to decline. V and ANTM too, but are less attractive. The rest of the 12 would only be well priced in a severe bear market.
• PayPal has a much shorter history than the other stocks but is the only one that currently offers a Bear Market Price along with the possibility of strong future earnings growth.

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