EQIX - These 2 Stocks Are Smart Buys in the 2022 Market Correction
Investors are on high alert now that the stock market has officially entered a correction as of Monday, Jan. 24, 2022. As unpleasant as they may be, market corrections are a natural part of the stock market cycle. Since its March 2020 low, the S&P 500 more than doubled, thanks to stimulus spending by the Federal government in response to the COVID-19 pandemic. But with inflation running high, coupled with global supply-chain problems, the latest bull run seems to have come to an end.
Today's market volatility means several high-quality companies that were richly valued at the end of 2021 are trading at more reasonable levels. In particular, Public Storage (NYSE: PSA) and Equinix (NASDAQ: EQIX) have seen share prices decline despite their operations remaining strong among their respective real estate niches. Here's a closer look at why these two real estate investment trusts (REITs) are smart buys during the 2022 market correction.
Image source: Getty Images.
For further details see:
These 2 Stocks Are Smart Buys in the 2022 Market Correction