The Motley Fool

These 3 stocks are down and well worth considering today

The S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) has gotten off to a shaky start to the new financial year, having fallen 18.2 points or 0.3% thus far. While the effects have been widespread, the market’s fall has also provided an opportunity to buy a number of quality companies at discounted prices.

Here are three worth your attention today…

NIB Holdings Ltd (ASX: NHF): Although no specific news has been released by the company that would explain the movement, the health insurance business has fallen a massive 4.9% in trading today. Shares of the blue chip stock are now trading at $3.10 – 8.3% below their recent peak at $3.38 – and offer a fully franked 3.2% dividend yield.

Nearmap Limited (ASX: NEA): The mapping company has dropped 1.3c or 3% today and is now trading at 41.7c apiece. The small-cap superstar is hovering a massive 38.7% below its all-time high and, although it boasts a forward P/E ratio of 42, would make for an excellent buy today.

ResMed Inc. (CHESS) (ASX: RMD): The manufacturer of medical products for the treatment of respiratory disorders has also endured the market’s wrath today with the shares plunging 3.1%. If ever an investor was looking for a consistently performing company – this is the one to buy. Remarkably, it has increased revenue in every single quarter since listing in 1995.

An even BETTER opportunity – yours FREE

It's not too late! The Motley Fool has issued a firm "BUY" rating on this small but ultra promising ASX company… and you can get the name and code FREE right now. Click here for your free copy of "The Motley Fool's Top Stock for 2014."

Motley Fool contributor Ryan Newman owns shares in NIB Holdings Ltd.

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