Stocks Get Hammered

Shares of Bank of America (BAC) are down almost 8% with the banking giant’s shares dropping below $15.

Apple (AAPL) is down over 6% in afternoon trading declining to $240.

General Electric (GE) is down over 6% and has dropped below $17.

Buffalo Wild WIngs (BWLD) is down 5% and has finally hit $37 per share.

AK Steel (AKS) is struggling to stay above $15.

Chicago Bridge & Iron (CBI) has come back to the $20 level.

Hewlett Packart (HPQ) has recovered to only find its shares down 5.5% on the day.

Even the oil stocks were not spared as the Oil Services Holders (OIH) is down 5.3%.

The next few days may provide some great buying opportunities for value investors. I will be paying particular attention to Bank of America, AK Steel, and General Electric. In my previous post this week, I stated that shares of Buffalo Wild Wings would be a good value in the mid 30’s. I received a few emails from individuals who thought that BWW would never see this level again. It’s important to remember that just like water will always find its own level; a stock will always finds its true value.