When a great company's stock trades for a fair price, it's usually worth buying. It rarely pays to wait for a better price, even if the stock has gone up significantly over the past few months. But sometimes you'll get lucky, and the market will put a great stock on sale due to near-term concerns. Meanwhile, the long-term outlook for the company still looks promising.
Open FlipI am a dividend investor trying to build a portfolio of stocks that will help to provide me with income in retirement. When I see an attractively priced stock that has a solid business and an attractive dividend history, I go in for a deep dive.That's what got me to buy Procter & Gamble (NYSE: PG) when it was unloved by Wall Street. And why I am so fond of Hormel Foods (NYSE: HRL) today.
Open FlipIndex staged a decent recovery from the lower band of the rising channel coincided with a 100-day ema amid oversold readings. Going ahead, we expect Bank Nifty to resolve higher and challenge the all-time high of 49,000. The Bank Nifty/Nifty 50 relative performance ratio chart indicates strong outperformance from Bank Nifty over the next 3–4 months.
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