The Standard & Poor's 500-stock index is on pace for a loss in 2018. While the 1% decline year-to-date isn't broadly catastrophic, it has been fueled by several shares that have simply been cleaved. But there is a silver lining: This has created a number of deeply discounted stocks to buy.
History has shown us that when rates rise, stocks typically decline - at least temporarily. This was the case in 1994, 2006 and last February. The market's latest swoon, caused in part by more upward pressure on interest rates, may be painful, but it too may just be temporary. That's little comfort to owners of numerous stocks that have fallen precipitously off their recent highs. But that is good news for bargain hunters that are looking for battered stock picks to grab up off the ground.
Here are 10 deeply discounted stocks to buy - companies that are anywhere from 20% to 50% off of their 52-week highs:SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond