Tractor Supply (NASDAQ: TSCO) stock is down 18% as of this writing from its recent high, and faces some potential headwinds. But with great growth prospects, investors may want to buy on the dip. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down why that's one good idea, but also explain two other potentially brilliant moves, including taking a closer look at Target (NYSE: TGT) stock right now.
Many people get into the stock market to build generational wealth. And although nothing is guaranteed, the historic performance of the stock market suggests it is one of the best vehicles to compound returns over time.
With stocks pulling back recently and interest rates expected to continue moving higher, now is a great time to hunt for dividend stocks. The retail sector, in particular, has been hit hard by the macroeconomic environment as consumers have shifted spending to necessities and services like travel, cutting back on the discretionary items that were popular during the benefiting. It's been a rough couple of years for Target (NYSE: TGT).