The global markets has been in turmoil ever since Britain finalized the vote to leave the European Union last Thursday, June 23, 2016. Banks have been hit the most with the general number of them trailing stock exchanges and declining the most in years. While everyone is scrambling to weather the extreme volatility, you can take advantage of this crisis.
The financial market has ten sectors, which have bargain stocks priced very cheaply currently.
Walt Disney (DIS) – Consumer Discretionary
The entertainment conglomerate who created the most famous mouse in the world, Mickey and Minnie was down by 3.33% last Friday.
Walgreen Boots Alliance (WBA) – Consumer Staples
The incorporation that owns Walgreens, Boots, and other companies that deal with distribution, wholesale, and pharmaceuticals is priced at a 3.86% decline.
Devon Energy (DVN) – Energy
One of the biggest losers in the Brexit aftermath is this independent producer of petroleum, natural gas, and natural gas liquids. The corporations sank by 7.6% on Friday.
Wells Fargo (WFC) – Financials
Banks are one of those who were hit hardest when the United Kingdom finalized their votes to leave the European Union. It’s no different for Wells Fargo who lost 4.59% in the wake of the Brexit.
Johnson & Johnson (JNJ) – Health Care
The leading company for pharmaceutical and medical devices including consumer packaged goods declined by 1.46% despite its long-standing history for stable performance.
General Electric (GE) – Industrials
Perhaps one of the most diverse companies in this list with companies in Healthcare, Transportation, Energy, Aviation, Power and Water, Automotive, Oil and Gas, and Software Development is General Electric. Even this powerhouse company was not immune, sinking by 4.42% at the end of the trading week.
Martin Marietta Materials (MLM) – Materials
Martin Marietta is famous as the chief provider of construction aggregates and heavy building materials inched down by 0.02%.
Apple (AAPL) – Technology
This tech giant known for producing the massively popular iPhone is down by 2.81% on the last trading day of the week.
Verizon (VZ) – Telecommunications
Losing 0.44% on Friday, Verizon was not exempt from the market’s general slump.
Dominion (D) – Utilities
In a rare instance, Dominion, managed to climb with a 0.3% increase on Friday as the telecommunications power and energy company perform better despite the general turmoil caused by the Brexit.
Of course, the severe volatility also poses massive risk. So you have the choice to take the plunge or wait it out until the market gets its footing back.