UPS - These Blue Chip Stocks Haven't Been This Cheap in 3 Years
2024-07-18 06:02:00 ET
Billionaire investor Warren Buffett isn't afraid to buy struggling stocks. He likes opportunities such as when businesses get into what he calls "temporary trouble," saying that he wants to buy stocks "when they're on the operating table."
In the short term, it can be an unnerving situation for investors to buy shares of a company that looks to be in a tailspin. But if the fundamentals remain strong and the long-term growth prospects remain intact, there can be a huge opportunity for investors to cash in.
A couple of stocks that could fit that criteria today are United Parcel Service (NYSE: UPS) and Nike (NYSE: NKE) . These businesses are facing headwinds that could be temporary. And with their share prices down around multiyear lows, now could be an ideal time for value investors to scoop up these beaten-down stocks.
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These Blue Chip Stocks Haven't Been This Cheap in 3 Years