A Once-in-a-Decade Opportunity: 2 Magnificent S&P 500 Dividend Stocks Down 47% and 59% to Buy in the Second Half of 2024

Although Nike and Pool Corporation have seen their share prices decline significantly in recent years, these companies have a history of delivering strong returns to investors. Facing challenges such as softer consumer spending and higher interest rates, these stocks are currently trading at what could be considered once-in-a-decade valuations.

Nike, for example, has experienced a 59% drop in its share price from its all-time highs. Despite facing short-term challenges, Nike remains a dominant brand in the apparel industry and continues to hold significant mindshare among consumers. With a low price-to-earnings ratio and a high dividend yield, Nike could present a compelling opportunity for long-term investors.

Pool Corporation, the largest distributor of pool supplies in the U.S., has also seen its shares decline by 47% since 2022. However, the company has a track record of resilience, with a focus on non-discretionary, recurring items like maintenance products. Trading at a deep discount to its historical averages, Pool Corporation offers investors a potentially attractive opportunity.

While both companies may continue to face challenges in the short term, patient investors who think in decades, not quarters, may find these stocks to be worth considering. With careful consideration and possibly dollar-cost averaging, investors could capitalize on the potential for these once-in-a-decade valuations.