3 Perfect Stocks to Buy With $1,000 When Market Volatility Strikes
It's been a topsy-turvy year on Wall Street, and it doesn't appear as if heightened levels of stock market volatility are going to let up anytime soon. After the benchmark S&P 500 lost over a third of its value in just 33 calendar days during the first quarter, we've watched the broad-based index produce swings higher and lower in recent weeks that are well above what we're used to seeing.
While volatility can be unnerving, it's also somewhat of a blessing for investors with a long-term mindset. Since the broader market tends to increase over the long run, any significant downside in equities represents an opportunity for investors to put their capital to work.
If you have $1,000 that won't be needed for emergencies or to cover bills, then you have more than enough money to buy these three perfect stocks when volatility strikes.
Visa
It's not often you'll come across a stock that does nothing but make its shareholders richer, but that's exactly what you're going to get with payment facilitator Visa (NYSE: V).
Although Visa isn't immune to economic contractions or recessions, it's the type of stock that's going to put long-term investors in the winners' column. Whereas recessions are usually measured in months or quarters, periods of economic expansion tend to last multiple years. Thus,
It's worth noting that
It also doesn't hurt that Visa holds the
Trulieve Cannabis
Another perfect stock to consider buying is vertically integrated multistate operator Trulieve Cannabis (OTC: TCNNF).
Over the past 18 months, North American
Trulieve's secret to success has been its focus on Florida, where medical marijuana is legal. Whereas most multistate operators have attempted to plant their flag in as many legalized states as is reasonable, Trulieve has 71 operational dispensaries, 66 of which are in the Sunshine State. By absolutely saturating Florida with its retail locations, Trulieve has been able to drive down its marketing costs, effectively build up its brand, and gobble up half the state's medical marijuana market share.
It's also worth mentioning that, by 2024, Florida is expected to be generation the
Broadcom
Another perfect stock that should have no issue delivering for its shareholders in spite of a volatile market is semiconductor manufacturer Broadcom (NASDAQ: AVGO).
Although
First up, there's the
Along those same lines, Broadcom stands to benefit from the ongoing online push by consumers, and the move into the cloud by businesses. Yes, some of this has been perpetuated by the coronavirus pandemic, which has completely upended the traditional work environment. But even when things return to normal, we're still bound to see an uptick in cloud use by businesses for remote workers. This means growing demand for data centers, as well as the
As one final bonus, investors in Broadcom are getting a
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