These 3 stocks have crashed over 30% each! Nordstrom stock falls harder than ever before as supply-chain struggles hit high-end inventory at Rack chain. What happened: Shares of Gap (NYSE:GPS) plunged 24% on Wednesday after the retailer’s third-quarter results fell well short of investors’ expectations. So what: Gap — which owns Old Navy, Banana Republic, and Athleta, in addition to its namesake brand — saw sales slip 1% year over year to $3.9 billion. Coronavirus-related supply chain disruptions took a heavy toll on the company’s ability to source inventory for its stores.
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You have $2,000 to invest, but you’re concerned that the market’s about to correct — and possibly even crash — in the near future. It’s a problem. Let’s turn that into an opportunity.
There are stocks out there that are fashion-forward enough to be wearing exactly what folks will be looking to try on the next time the market tumbles. Cheap and resilient, Camping World Holdings (NYSE:CWH) and Peloton Interactive (NASDAQ:PTON) are good looks for investors with $2,000 to put to work in the market in crash-ready stocks.
Worried About a Market Crash? Here Are 3 Things You Can Do? The S&P 500 has risen more than 25% this year, but with the threat of interest rate increases next year and supply chain issues causing problems for many companies of late, it’s understandable if you’re worried about the possibility of a market crash in the near future. The challenge is that it can come without warning, and catch investors flatfooted.
However, you can take steps to hedge and minimize your risk. Here are three things you can do if you’re worried about the stock market.
3 Dirt Cheap Stocks That Could Skyrocket. Walmart has made the most of the pandemic and the post-pandemic recovery, but the stock is barely trading higher in 2021. Disney is being held back by Disney+ in more ways than one, but it’s hard to ignore the obvious reopening play. Our cars were parked last year, and that was bad for Sirius XM Holdings. We’re driving again — and so should the satellite radio provider.