The stock market became quite turbulent in March, fueled by the banking crisis and interest rate uncertainty. I recently decided to take advantage of the dip and add to some of my favorite stock positions at a discount -- here are the five I decided to buy more of.
Ally Financial (ALLY) closed the most recent trading day at $25.14, moving +0.8% from the previous trading session.
Since the collapse of SVB Financial and Signature Bank, a lot of bank stocks have been sold off significantly. One of those is the large digital consumer bank and auto lender Ally Financial (NYSE: ALLY), which is down about 18% since SVB started struggling earlier this month. Investors have had their doubts about Ally for many months now, as the company's large retail auto-lending portfolio looms large heading into what could be a much tougher economy for consumers.