RUBI - Market Crash Bargains: 2 Stocks to Buy Now
With the global economy reeling, it might feel unnerving to buy stocks right now. But thanks to a steep sell-off in the overall market, there are good buying opportunities for investors willing to go against the grain. As famed investor Warren Buffett has said, "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
Highlighting just how drastically the market has pulled back recently, the S&P 500 is down about 18% since Feb. 19. Furthermore, this sharp drop has more than erased all of the market's gains over the past 12 months. Of course, some stocks may have deserved their recent beating. Many growth stocks, for instance, may have been overpriced and were subsequently due for a correction. Other businesses may have simply been too dependent on a healthy economy. An investor's job in a market like this, therefore, is to find the stocks that have been oversold. Investors should be on the lookout bargains.
So, what are some oversold stocks to buy in this market crash? Here are two stocks that look like bargains today: The Cheesecake Factory (NASDAQ: CAKE) and Rubicon Project (NYSE: RUBI).