Good-quality companies with consistent performance and attractive financial characteristics rarely sell cheaply, but periods of market weakness can provide an opportunity to buy the shares a little lower.
Shares in Enterprise Inns (LSE: ETI) have been up by as much as 6% today after the pub company released a satisfactory update. It reaffirmed its full year guidance and commented that restructuring was going ahead as planned and on target.
Its interim management statement for the 13 weeks to 28 May showed why Whitbread (LSE: WTB) deserves plenty of attention: like-for-like sales growth at Premier Inn and Costa stands at 6.3% and 5%, respectively.
I don't think a big correction in the equity markets is likely, but certain stocks - such as those of NEXT (LSE: NXT) and Whitbread (LSE: WTB) - may come under pressure, even if the FTSE 100's rally continues. Here's why.