Volatility has been the name of the game lately in the stock market. Thanks to the rise of the new COVID-19 variant omicron, inflation, and the threat that the Federal Reserve may start raising interest rates, anxiety has gripped many investors. Can a market crash be coming soon?
No one knows for sure, of course, but there are signs a market correction or crash could be on the horizon. Therefore, it's important for investors to prepare in order to make the most of a not-so-great situation.
One way to get ready for a crash is to create a list of stocks you want to buy if the market goes boom. Three Motley Fool contributors share why they'll be buying shares of Prudential Financial(NYSE:PRU), Charles Schwab(NYSE:SCHW), and Meta Systems(NASDAQ:FB) if the market takes a deep dive.
Chuck Saletta (Prudential Financial): In the event of a market crash, one company whose shares I already own that I would buy more of is insurance giant Prudential Financial. The company is so focused on being financially rock solid that it uses an actual rock -- the Rock of Gibraltar -- as its corporate logo.