The S&P 500 goes through a correction in every 357 days on average. A correction is a stock market drop of at least 10%. That doesn’t mean we get one every year, but market volatility is a normal thing.
Whilst I do not claim to accurately guess the direction or magnitude in which the markets will move, it is always good to be prepared. I currently have submitted limit “BUY” orders to open 2 new positions in my portfolio that should be filled if the market goes through a correction.
Both companies are generating a lot of cash flow and returning it to shareholders through growing dividends (and buybacks).
The companies are:
#1 Cisco
#2 Discover Financial Services
Continue reading the full analysis here, to see the price I want to buy those companies at.
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