We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What To Buy If The Market Corrects
The S&P 500 (SPY - Free Report) has traded up to its highest forward P/E since the early 2000s, and I believe that a pullback may be on the horizon. I’m not alone in this thinking with the put/call ratio on SPY’s (most traded ETF in the market) is 3.8 for February 21st expiration, meaning that almost 4 times as many people are betting against the market than for it.
The broader markets have priced in substantial growth for 2020 and 2021, and if this doesn’t come to fruition, the market has room to fall. The rising tensions with Iran cannot be ignored and their call for revenge following the US’s assassination of a top general. Any attack by Iran would have a devastating effect on the markets.
I don’t think a recession is on the short-term horizon, but a correction seems likely. It is going to create a great buying opportunity for some of my favorite stocks of the future. I discuss the potential of Nvidia, Splunk, and Roku in this video and why a market breakdown would create a buying opportunity for these revolutionary firms.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>