NEW YORK (TheStreet) -- When the government shutdown first began, equity markets patiently waited for a resolution.That resolution has yet to come and now the markets are beginning to show their displeasure as selling begins to accelerate, pushing indices lower. TheStreet's David Peltier noted that Facebook ( FB - Get Report) is down over 10% in just two days, and NPS Pharmaceuticals ( NPSP) fell from $35 to $28 in the same time period. So now what? Peltier suggested that investors search for stocks that have identifiable positive catalysts going forward. For instance, he found that Yamana Gold ( AUY - Get Report) now has a 2.8% dividend yield after the latest pullback. Or that ON Semiconductor ( ONNN) is trading at just nine times 2014 earnings after its latest decline. He concluded that it's important for investors to keep cash on the sidelines so they can put it work when buying opportunities present themselves. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
More from Opinion
Goldman Sachs: Should You Bet on Its Business Transformation?
Goldman Sachs is a higher-risk, higher-reward play that bargain hunters looking for a potentially successful business model transition story might want to consider.
PepsiCo: The Unlikely Growth Story Continues to Roll
Given the combination of solid execution, strong fundamentals and the diversification benefits of the stock, PepsiCo looks like a compelling buy following the company's strong third quarter earnings report.
There Will Be No Economic Collapse From a No-Deal Brexit
The EU can have Brexit and keep zero tariffs, which ought to be obvious.
Citigroup: Tread Carefully Around Bank Stocks Ahead of Earnings Season
Citigroup will probably have the robustness of global consumer activity to help it support financial results in the third quarter. But the current interest rate environment and a soft institutional services business pose significant challenges for the New York City-based mega bank.
Nike: When Playing Offense Makes Sense, Despite Softening Economy
Nike has been taking the right steps to ensure that it continues to thrive, regardless of the global economic landscape. Following the company's strong earnings report, an investment in the stock still makes sense.