I love a bargain and today some of the best bargains in town can be found on Wall Street. Stocks that have good value are on sale like never before and although their recovery might not be as quick as you like that doesn’t mean they’re not worth holding on for the long term. The truth is we might be heading toward an economic slow down and some stocks might not fully recover but most good quality companies will and there are certain stocks that can out perform when the economy is on the down rode. Here are just a few that I would consider and why I would make such an investment. Please note I would also stay clear of stocks that have a high profile in China because of the current situation.
(1) Dollar Tree (DLTR)– During poor economic times people still want to spend monies and a dollar is still a bargain plus with the economy hurting they will be able to get pricing and more selection. (Just a note already own it)
(2) Wendy’s (WEN)- People still need to eat and Wendy’s has a following that people will still go to. (Own it as well)
(3) Google (Goog) How many times a day do you Google and this is a company that continually keeps on innovating.