1 Magnificent S&P 500 Stock Down 40% to Buy Today

The most important aspect of the S&P 500 index (^GSPC 0.63%) that often gets overlooked is that the stocks are selected by a committee. The goal isn't to create an index that represents the stock market, it's to create an index that is representative of the broader U.S. economy.The index is filled with large and important companies, which is why it is such an interesting starting point if you are looking for stocks to buy. One company that's particularly interesting right now is a Dividend King that has fal ...