As this historic selloff in equity markets continues, the temptation to buy stocks is also high. Investors who were left out in the unprecedented boom of the past decade have long waited for a market ‘correction’ of this to buy their favorite stocks at extremely low prices.
There is no harm in being smart when others are fearful. This is the instinct that Warren Buffett, one of the most successful value investors, urges in highly distressed market like the one we’re currently experiencing.
But as you get ready to make your move in this bear market, we also want to highlight the stocks which, in our view, don’t make good candidates for our buy-on-the-dip strategy. Here are two names that fit in this category:
Global travel bans and potential airline bankruptcies are likely to put further pressure on Boeing (NYSE:) stock, which was a great turnaround bet for 2020 just before the coronavirus pandemic changed everything.
With a lot of uncertainty surrounding the travel…