In a hot broad market at all-time highs, there simply aren’t a lot of bargains to be had. But every now and then, the market overcorrects and hands investors a buying opportunity.
There are a number of reasons this can happen — from unexpected news to downgrades to broader world news that investors fear will have an adverse effect. And of course, there’s always earnings reports.
Here are three stocks on sale due to recent post-earnings declines. In all three cases, investors are missing the forest for the trees, and reacting too strongly to short-term factors instead of the long-term case. And in all three cases, the new, lower, post-earnings price doesn’t seem likely to persist for long.
So without further ado, here are three stocks on sale.