3 Reasons Why an S&P 500 Correction Won't Stop Me From Buying More Dollar General Stock

For over a decade, retail store Dollar General (NYSE: DG) has been a constituent of the S&P 500, an index of 500 of the largest, most profitable companies in the U.S. As of March 18, the S&P 500 was down 9% from its all-time high and had even briefly been down 10%, which is what's commonly called "correction territory." But for Dollar General, the situation is much worse.Whereas the S&P 500 last hit an all-time high mere weeks ago, Dollar General stock hasn't sniffed an all-time high since late 2022. For its part, the stock is down roughly 70% over the last 2.5 years.A good percentage of this drop for Dollar General stock is entirely legitimate, in my view. Consider that profits tend to drive stock price over the long term. Usually this implies business growth -- it's easier to grow profits when the business is growing. For Dollar General, this hasn't been a problem. The top line just hit an all-time high and is up nearly 40% in the last five years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool