BMO - 2 Financial Stocks to Buy Before the Bear Market Is Over
Sometimes, the best time to buy stocks is when everyone else is afraid to jump aboard. That's easier said than done, of course, as not all stocks recover from a significant price drop. And the reason (or reasons) behind the price drop can also complicate matters.
Right now, the S&P 500 Index is in bear market territory and plenty of great stocks are being dragged down along with it. Investors are worried that rising interest rates to combat outsized inflation could lead to a recession. Short-term traders are feeling significant pressure.
But if you are a long-term investor, bear markets present an opportunity if you know where to look. The bear market will eventually end (they always do) and savvy investors can profit from buying and holding stock for great companies currently trading at a discount. For instance, long-term investors will probably want to look at Bank of Montreal (NYSE: BMO) and Franklin Resources (NYSE: BEN) in this bear market. The two financial institutions have real potential for gains.
For further details see:
2 Financial Stocks to Buy Before the Bear Market Is Over