S&P 500 enters correction territory, buying opportunities arise
fool.com —
On March 13, the S&P 500 fell 10% from its all-time high, entering correction territory. This decline is seen as a normal market occurrence, often presenting opportunities to buy undervalued stocks. Five stocks highlighted as attractive buys include Lyft, Shift4 Payments, Comfort Systems USA, Crocs, and Airbnb. Each company shows potential for growth despite recent price drops, with Lyft and Comfort Systems benefiting from strong market trends. Lyft reported record active riders and positive cash flow, while Shift4's payment volume continues to grow. Comfort Systems has a significant backlog, Crocs is focused on shareholder returns, and Airbnb is expanding its business despite current market challenges.