Threats of tariffs and reductions to government spending have the American markets in a shaky position as the S&P 500 pushes into correction territory. Among stocks seeing the hardest hits were financial picks, with companies like Morgan Stanley (NYSE: MS) and SoFi Technologies (NASDAQ: SOFI) seeing shares fall up to 12% on Monday alone.
While financial markets are being hit especially hard during the current sell-off, bear markets present opportunities for investors to build portfolios designed for long-term wealth creation. Analysts say these financial stocks are buys, with a market downturn presenting them at exceptionally low prices.
