Build Your Stock Shopping List

An erratic stock market with declining equity prices is the time to break out your shopping list. Not your grocery shopping list but your stock shopping list! A depressed market can provide some great buys for the prudent investor.  Grab your pen and sheet of paper. Write down the names of stocks that you are interested in buying and the price that you are willing to pay for each stock. Wait for particularly bad days and check your shopping list. You may find that you can get a solid company at a wonderfully fair price. While other investors are panicking and running for the doors, you will be snapping up shares at a discounted rate.

Here are 5 stocks on my shopping list.

Apple (AAPL)

Bank of America (BAC)

Chipotle Mexican Grill (CMG)

Netflix (NFLX)

Panera Bread (PNRA)

You may notice a common theme among the majority of my picks. All of the stocks listed above are growth stocks except for Bank of America. Market downturns often punish all sectors across the board. Stocks will drop regardless of earnings or growth rates. This is the best time to add a growth stock to your shopping list. You can scoop up companies with great growth rates on the cheap.

Photo by marcopoorboy