WFC - Labor Day Special: 3 Deep-Discount Stocks to Buy Now
Every year since 1894, the first Monday in September has been a federally recognized holiday to "celebrate the social and economic achievements of American workers," according to the U.S. Department of Labor.
However, Labor Day has taken on a completely different feel in 2020. The coronavirus disease 2019 (COVID-19) pandemic has potentially cancelled or subdued friend or family get-togethers, as well as vacations. About the only thing that feels normal this year is the fact that retailers are aggressively advertising Labor Day sales to lure in physical and online shoppers.
But what you might not realize, especially with the stock market in all-out rally mode for more than five months, is that you can buy great stocks on sale right now. And I don't mean the type of sale you roll your eyes at because the department store advertises it 15 times a year. I'm talking about three deep-discount stocks that are serious bargains, and which could generate big-time returns if you're patient.