ULTA - A Bull Market Is Coming: 2 Dirt-Cheap Stocks to Buy Right Now
2023-09-01 08:45:00 ET
It can feel scary to buy stocks that are plummeting. After all, there's no guarantee they'll come back up. But although it's counterintuitive, buying stocks at lows makes a lot of sense; it gives you more opportunity to see gains.
The trick is to identify which stocks are tanking because they have no future, and which stocks are down because the market is focusing on the short term. In the second scenario, grabbing shares is a sound investing strategy.
Ulta Beauty (NASDAQ: ULTA) and Williams-Sonoma (NYSE: WSM) are two stocks that are trading at dirt-cheap valuations as they deal with short-term challenges. They look undervalued, and when the market adjusts, investors should gain.
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A Bull Market Is Coming: 2 Dirt-Cheap Stocks to Buy Right Now