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What on earth is going on with the stock market? A lot of people have been wondering that over the past few months, as we have seen some wild swings on both sides of the pond. Quite a few FTSE 100 shares have crashed, only to get back to where they were in short order. Look, for example, at the massive “V” near the right-hand axis of the share price chart for M&G.
Not all have bounced back, and I reckon there are some potential bargains in the market right now.
That could present a rare opportunity for investors to build wealth, as they can buy quality companies for less than before.
To illustrate this point, I will use one FTSE 100 share that has already recovered a lot of ground – but still looks seriously undervalued to me.
Up 37% — but down 27%!
The share in question is sportswear retailer JD Sports (LSE: JD).
The JD Sports share price has leapt 37% over the…
