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August has been a rocky month for Canadian stocks. However, you can use that volatility as an edge. Periodically, the market draws everything down, even the greatest companies. When that happens, you can pick up stocks in quality businesses at a fair or even great prices.
While the market has recently bounced back, there are lots of worries and fears in the market today. There could be an even larger pullback in the fall. Now is the time to start building a list of stocks in high quality businesses. When they draw down, you can be ready to surgically deploy your capital.
If you are looking for some high-end stocks to buy on the next drawdown, here are two to consider today.
Add this long-term compounder on the pullback
Alimentation Couche-Tard (TSX:ATD) is one of the largest convenience store and gas station operators in the world. The company just announced that it was in discussions about merging with…
