5 Stocks I’m Buying Now
Markets are jittery. That’s probably underselling it…
Markets are jittery. That’s probably underselling it…
The S&P is down four weeks in a row. The Russell 2000 just entered correction territory, down over 10% from its January peak. The VIX surged 11% on Friday. Oil is above $112 a barrel. Gas prices are climbing. And the whole thing is being driven by a conflict in the Middle East that, three weeks in, shows no real signs of stopping.
The Strait of Hormuz is effectively blockaded, the IEA has called it the worst oil supply disruption in history, and the knock-on effects are hitting everything from airline stocks to Asian equity markets. Even gold, which is supposed to be the safe haven in situations like this, just had its worst week in four decades.
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I’m not going to sit here and tell you I know how this ends. If the war drags on, oil stays above $100, and inflation expectations re-accelerate, the selling probably continues. Maybe it gets worse before it gets better. That’s a real possibility and I’m not dismissing it.
But…
Some very good businesses are starting to trade at valuations where I think there’s genuine margin of safety, even if you assume things stay ugly for a while. The kind of prices where you look at the multiple, look at the earnings power, and the math starts working even in a bearish scenario.
So here are five names I think are worth paying attention to right now… I own all five and I've been adding to most of them this month.