The S&P 500 dropped nearly 5% last week alone.
That’s a big move in such a short period of time.
As we go to press, the index is now sitting on a -1.7% loss over the past 12 months.
Meanwhile, three of our favorite stocks – Intel (INTC), Microsoft (MSFT), and McDonald’s (MCD) — have been pulled down in the mess.
Intel is off 14%… Microsoft is off 13%… and McDonald’s is off 15%.
Regular readers know these stocks are among our favorite stocks to own for a potential lifetime of safe, steady and ever-increasing income.
Now, given their recent hair cuts, their prices just got a heck of a lot better.
Of course, if the market continues to tank, these stocks could pull back even further.
But that’d be fine with us since we’re after their growing dividend streams… we’d just buy even more shares. (Remember, when share prices drop we can lock in higher yields).
Action to Take: If you’ve been waiting for a pullback before loading up on these stocks, this could be your opportunity: with Intel (INTC), Microsoft (MSFT) and McDonald’s (MCD) each off double-digits from their 52-week highs, right now looks like a good time to pull the trigger.
Daily Trade Alert