As investors have panicked, analysts are expecting big rebounds for these companies
by Philip van Doorn
After many years in the financial media, I’ve come to realize that many investors will never learn what to do during a panic.
That’s because, inevitably, they forget their long-term strategy and dump their investments. As a result, they miss out on the inevitable recovery.
Inevitable? Yes. As we saw Monday, even a two-day decline of 5.3% in the S&P 500 SPX, +1.51% caused by Brexit, can be reversed quickly. On Tuesday, the benchmark index rebounded by almost 2%.
Here’s a look at 10 stocks that analysts at investment bank Jefferies think investors should buy, because they declined more than they should have, in the wake of Brexit, or Britain’s decision to leave the European Union.