2024-08-07 05:28:00 ET
Stock market sell-offs can be scary events. They seem to come out of nowhere, and their end is seemingly nowhere in sight. That uncertainty can be unnerving.
While sell-offs can be challenging, they also often present unique opportunities to buy high-quality companies at much lower prices. That's why I always hold a decent amount of cash in my portfolio to capitalize on unexpected downdrafts. I also put together a watch list of stocks I'd like to buy during a meaningful market decline. Topping my current list are Amazon (NASDAQ: AMZN) and WM (NYSE: WM) . Here's why I want to buy more of them and the price I'd jump on if the opportunity arises during the current market meltdown.
Shares of Amazon have cratered about 20% from their recent peak. That plunge comes even though the e-commerce and cloud giant is thriving.
For further details see:
Stock Market Sell-Off: 2 Top Stocks I Plan to Buy if the Market Keeps Melting Down