SHW - 3 Stocks to Buy on Bad News
Anyone who has heard the investing maxim "buy on the rumor, and sell on the news" will appreciate the contrarian logic behind "buy on the bad news, sell on the good." That's the idea behind picking up stocks in the paint and coatings industry right now. It's no secret that there are currently significant supply chain difficulties in the industry. Therefore, stocks like PPG Industries (NYSE: PPG) , Axalta Coating Systems (NYSE: AXTA) , and Sherwin-Williams (NYSE: SHW) have fallen in the last three months. Is now the time to take advantage of the dip?
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After outperforming the S&P 500 index in the first half of the year, the paint and coatings sector has underperformed the index in the last few months.
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3 Stocks to Buy on Bad News