3 Stocks That Could Make You Richer If You Buy During This Correction

This article was originally posted here

It's been a wild ride, and the potential economic disruptions caused by coronavirus disease 2019 (COVID-19) are to blame. The mitigating measures currently being undertaken to slow the spread of this illness, such as school closures, special-event cancellations, and inbound flight stoppages from Europe, are being made with the health and well-being of those most susceptible to COVID-19 in mind. But these measures are also likely to lead to a sharp short-term downturn in U.S. and global growth, or perhaps even a recession. It's for these reasons the stock market has undergone its steep correction.

However, it's important to realize that every single stock market correction that's preceded our current downturn has been a buying opportunity for investors. If you want to grow your wealth and become richer, the easiest way to do that is to take advantage of the bargains being presented during this correction.

Here are three stocks that I believe will make you richer over time if you buy during this steep dip.

Teva Pharmaceutical Industries
Novel and generic-drug developer Teva Pharmaceutical Industries (NYSE:TEVA) has had a rough go of things for years. In no particular order, Teva has faced lawsuits in 44 states over its role in the opioid epidemic, it's had its top-selling brand-name drug (Copaxone) face generic competition, and it's been soldiering through a huge debt load after overpaying for generic-drug developer Actavis.

And yet, it looks to be one heck of a bargain after the recent move lower in the broader market. That's because CEO Kare Schultz is a turnaround specialist, and he's already worked wonders on Teva in a matter of 2.5 years. Schultz will have reduced the company's annual operating expenditures by $3 billion, as of the end of this year, and has lowered Teva's net debt by approximately $8 billion. There still work to be done here, but Teva is no longer in the financial noose it once was.

What's more, Teva is dirt cheap. It remains one of the largest generic-drug producers in the world — presumably putting in great position to benefit from an aging global population — yet is currently being valued at approximately three times its annual profit potential. With Schultz signaling that 2019 was Teva's bottoming year for cash flow, and Teva appearing to resolve a number of its opioid lawsuits in 2019, I believe long-term investors can buy in now and reap the rewards of their patience in the years to come.

Editor's Note: A $54,072 Benefit Every Retiree Should See

U.S. Bancorp
I get it – the idea of buying into bank stocks during a potential recession, and with interest rates falling, isn't exactly seen as palatable. Since banking growth is typically tied to the health of the U.S. economy, lower net interest income and the fear of a recession could make things challenging for the group in 2020, if not beyond. But that's no reason to avoid what might be the best big bank of the group, U.S. Bancorp (NYSE:USB).

Compared to its peers, U.S. Bancorp has typically been pricey, at least when it comes to its share price relative to book value. As recently as this past December, it was valued at 2 times book, which is generally considered a fair valuation for bank stocks. But there's a reason U.S. Bancorp nets such premiums on Wall Street. This is a company that consistently delivers the highest return on assets (ROA) among money-center banks. In simpler terms, no big bank is more efficient with regard to generating profits from its total assets than U.S. Bancorp – and that's something investors will pay a premium for.

U.S. Bancorp has also done a bang-up job of controlling its noninterest expensing, and focusing its investments on digital banking and mobile apps. Between November 2017 and November 2019, U.S. Bancorp witnessed a 10 percentage point increase in mobile active customers to 52%, with 70% of all transactions now being done digitally (online or via mobile). Digital banking is significantly cheaper than branch or phone interactions for U.S. Bancorp, giving it even more runway to bolster its ROA.

Tech Alert: The Best 5G Stock You've Never Heard Of

American Eagle Outfitters
Long-tern investors would also be well-served buying into a brand-name in the retail space, such as American Eagle Outfitters (NYSE:AEO). I should know, as it's one of the 11 brand-new stocks I've added to my portfolio during this correction.

While American Eagle Outfitters is susceptible to possible short-term buying weakness if the U.S. dips into a recession, and it'll face ongoing pressure from online retailers, it's continued to outperform most expectations. That's because it's able to utilize its American Eagle branding as a strong selling point (this is especially true for the company's jeans), and has occupied a midrange price point on its products for years within mall settings. To add, American Eagle has also been adept at moving unsold merchandise, meaning markdowns rarely impact its bottom line for more than a quarter or two.

This is also a company that's seen incredible success from its intimates division, Aerie. The current plan is for another 60 to 70 Aerie locations to open in 2020, which follows 20% comparable-store sales growth in 2019 and 29% comparable-store sales growth in 2018. In fact, the company has delivered double-digit comparable-store sales growth for Aerie in 21 straight quarters, and positive comparable-store sales growth for its flagship American Eagle brand in 20 consecutive quarters.

At something like seven times forward earnings, and with a 5.5% yield, American Eagle Outfitters should make patient investors rich.

“The Forever Battery”

Secret Startup Cracks the Battery Code — Wall Street Legend Predicts a 1,500% Surge in Electric Car Sales Over the Next 4 Years…

Enter your email address to receive the name and ticker symbol of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

3 High-Yield Dividends for Guaranteed Passive Income

Here are the best dividend stocks for smart investors to secure a steady & reliable “second income”. Our top pick is trading for just $2.
Enter your email address for our free report.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

New EV Set to Disrupt Entire Industry

The Wall Street Journal calls it “an American manufacturing triumph.” It promises to revolutionize the driving experience and hand investors MASSIVE profits.
Enter your email address to receive the name & ticker symbol now.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

Forget 99% of Tickers - Just Use This One

Larry Benedict is sharing a crazy over-the-shoulder “demo” (less than 10 seconds). Learn how to make all the money you need – in any market – using a single stock.
Enter your email address to watch now and get the name of the ticker you need to get started.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

Is Amazon Obligated to Pay You?

Thanks to a U.S. law, you can claim your slice of this jackpot and collect up to $48,000 over the next year.

Enter your email below to find out how.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

#1 Energy Pick

This little-known Silicon Valley company is using AI to do something incredible…
Enter your email address to receive the name and ticker symbol of the #1 tech bargain stock now.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

#1 EV Breakthrough of 2022

Louis Navellier is about to give away the ticker symbol of an overlooked battery company… one set to skyrocket in value as the EV boom gets underway. 
Simply enter your email below to learn the name of this company today…


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Anyone can invest like “The People’s Shark” with as little as $100

You no longer have to be rich, famous, or powerful to become an angel investor. Starting now, it’s possible for you to get involved in these life-changing deals.
Enter your email address for all the details of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Is L.A.S.E.R. The Greatest Tech Breakthrough in History?

A $3.5 trillion megatrend… spearheaded by Elon Musk is bringing what could be the most disruptive, revolutionary tech breakthrough the world has ever seen, with one small company sitting at the center.
Enter your email address to receive the name and ticker symbol of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

2,467% Return on Israeli Laser Company

Learn the 3 Steps You Need to Protect Your Retirement and One Stock that Could Soar 2,476% in Nine Months.
Enter your email address to receive the name and ticker symbol of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

One Tweet From Elon Could Blow This Story Wide Open

Last year, anyone who listened to this man about Tesla could’ve made EIGHT TIMES their money. Now he’s revealing how Elon’s NEXT big move will revolutionize ANOTHER massive $23 trillion market.
Enter your email address to receive the name and ticker symbol of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$25 to Profit from 20,000 IPOs

Days from now — 20,000 ‘IPOs’ could start flooding the market…
Enter your email address to reveal how anyone with $25 can stake their claim.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

"Bio-Chip" Sparks Potential 199,900% Surge by 2025

Sign up below for all the details on this tiny company being considered a once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works