Stock Market Sell-Off: 3 Stocks I’m Still Buying Now
Alex Smith
2 hours ago
The March 2026 sell-off in the market sent the TSX60 Index down 7.7% and the Nasdaq down 8.6%. Gold stocks, financial stocks, grocery stocks, and technology stocks declined, while energy and real estate stocks rose. The U.S.-Iran war diluted the impact of the U.S. tariff repayment triggered by the Supreme Court ruling. While the market has recovered from the March dip, several stocks have not, creating a buying opportunity.
Three stocks to buy in the stock market sell-off
Before you jump into buying stocks at the dip, know why the stock has dipped. If the reason is the broader market sell-off, then it is a definite buy. But if the reason is a fundamental weakness of the company, avoid buying the dip. For instance, goeasy stock fell 74% in March 2026, and the reason was financial reporting mistakes, which were pointed out in a short seller report. Many of its loans were reclassified as bad, and the net charge-off rate spiked. Its dip had nothing to do with the sell-off.
Here are three stocks that have strong fundamentals, and share price dips are driven by a broader market sell-off.
Broadcom stock
Broadcom (NASDAQ:AVGO) has a strong balance sheet and earnings. In the semiconductor sector, most of the limelight is taken by those who make processors; after all, thatâs where the computing power lies. Broadcom makes Ethernet Switches and other components for wired and wireless communications, enterprise storage, and industrial end markets.
Broadcom is the connecting link that joins the processors to each other and the power source in a technology infrastructure. Despite operating in a competitive space, Broadcomâs operating efficiency and faster growth through acquisition make it a leader in communication chips. Broadcom has also developed artificial intelligence (AI) accelerators that offer an alternative to Nvidia and Advanced Micro Devicesâs graphics processing units in some workloads. This AI accelerator has made Broadcom a contender in the AI space. The communications infrastructure doesnât need the top compute workload, but a scalable and reliable component.
Every technology upgrade will call for a denser network, creating demand for more Broadcom chips in every upgrade. The stock fell 15% in the March 2026 sell-off, creating a buy-the-dip opportunity. Those who missed the opportunity saw the stock recover to its previous high in less than a month. Broadcomâs secular growth remains intact. So the next time the stock falls, consider buying it without hesitation.
Descartes Systems
Descartes Systems (TSX:DSG) stock has been in a downtrend since 2025, when the trade war began. The supply chain management solutions provider benefits from higher trade volume. Since the global tariff war affected its catalyst, the stock has been sliding gradually. However, Descartes increased its revenue by focusing on domestic logistics and acquiring more technology providers. It has zero debt and has been accumulating more cash reserves for a downcycle. Descartes reduced expenses to sustain its profit margin. While the fundamentals remained intact, Descartesâs stock price fell, which led to a correction in the stock valuation.
Descartes has the tech and resources to facilitate a supply chain shift and ride the recovery rally. However, investors remain cautious about buying trade-related stocks given the geopolitical tensions and tariff uncertainties. Patient investors could consider buying this stock as it will recover in the next two to five years. However, it is difficult to forecast exactly when that recovery will begin.
Kinross Gold stock
Kinross Gold (TSX:K) is a buy-a-dip stock because of the growing attraction of investors towards gold. Gold prices have rallied 150% in the last two years amidst trade wars and energy shocks. All major economic crises from the 1980s oil crisis to the 2007 Financial Crisis drove demand for gold. Gold prices could reach a new high in the next three to five years as countries diversify oil supplies and look to buy oil in currencies other than the U.S. dollar.
Kinross Gold could benefit from a gold price rally. It can balance the risk and reward of your portfolio.
Investor takeaway
Most major crises last an average of three years before a partial recovery begins and five years before a full recovery. The next three years are crucial for rebalancing profitable stocks and holding recovery stocks.
The post Stock Market Sell-Off: 3 Stocks I’m Still Buying Now appeared first on The Motley Fool Canada.
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More reading
- The Average TFSA Balance for Canadians at 55
- How to Structure a TFSA With $14,000 for Lifelong Monthly IncomeÂ
- 5 Stocks to Hold for the Next Decade
- 1 Canadian Stock for Growth, 1 for Value, and 1 for Dividends â All Worth Buying Now
- 5 Canadian Stocks to Buy and Hold for the Next 5 Years
Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Advanced Micro Devices, Broadcom, Descartes Systems Group, and Nvidia. The Motley Fool has a disclosure policy.
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