Comparing China's 7.7% growth in its gross domestic product over 2012 with our own, without taking expectations into account, would be an obvious positive for the country. Unfortunately, higher forecasts weren't met, and investors are paying for it today. If you hold an energy or materials stock in your portfolio, you probably found your shares taken to the woodshed when the markets closed.
Finding value in sell-offs
Fortunately for value investors, this can be a great time to pick up some companies that you might have had your eye on. Several miners witnessed greater than 5% drops in share prices today which could be cause for worry if it was an isolated incident, but during broad market sell-offs, company-specific fundamentals usually remain intact.
For an overview of a few companies that Motley Fool analyst Taylor Muckerman has his eye on after this pull-back, check out the following video.
