3 high-quality stocks now in buying range

After Wednesday’s sell-off, two narrow- and one wide-moat stock moved into 4-star category

Ruth Saldanha 26 October, 2018 | 5:00PM
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The U.S. stock market took a beating Wednesday, with the Dow Jones Industrial Average more than 600 points, or over 2.4% lower, the S&P 500 down more than 3%, and the Nasdaq down around 4.5%.

Canadian markets were not insulated from the fall. The S&P/TSX Composite index fell more than 375 points, or nearly 2.5%. Some of the fall could be attributed to the Bank of Canada raising interest rates an expected 0.25% to 1.75%. As a result, apart from utilities, most other sectors fell.

But with this fall came some buying opportunity.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Canadian Imperial Bank of Commerce145.95 CAD1.57Rating
Canadian Natural Resources Ltd44.34 CAD2.52
Canfor Corp27.71 CAD0.47
Royal Bank of Canada128.15 CAD1.38Rating

About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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