Monday was another day of losses for stocks as the Dow Jones Industrial Average fell almost 200 points after being down over 400 earlier in the day. Investors used the day of declines to pick up some bargain stocks, but what did they buy?

Financial Stocks

The financial sector was hurt especially hard Monday. Big banks in the U.S. and Europe are reacting to continued worries of slow economic growth worldwide. There are some financial stocks that are still worth investing in despite the continued freefall.

Bank of America (BAC) is still a recommended stock for investors looking into big bank stocks. Bank of America is trading near its 52-week low of $12.13 Monday, but the stock reached $18.48 in July. Most analysts rate the stock a "strong buy" and research firm Credit Agricole upgraded the stock to "outperform" on Jan. 29.

Wells Fargo & Company (WFC) is also a major bargain right now, hitting its 52-week low of $46.06 Monday. Wells Fargo has a large amount of deposits in big markets. Wells Fargo is one of Warren Buffet's Berkshire Hathaway's biggest holdings, which shows that Buffett has high confidence in the bank, according to U.S. News and World Report.

Consumer Needs

Consumer staple stocks are almost always a good choice for investors, even in a falling economy. When looking at these stocks, companies that focus on the needs of consumers tend to perform the best.

Costco (COST) was up over two percent Monday and is showing upward motion for February. Costco closed at $147.02 on Monday. Analysts have a "buy" rating on the stock with a mean price target of $170.57. Costco sells groceries, clothing and almost everything else at its warehouse club stores. At the last day of November 2015, COST hit $167.24.

Wal-Mart Stores Inc (WMT) was down slightly to $66.90 Monday. The stock is on an upward trend since falling to $56.30 in October. Analysts mostly have a "hold" rating on the stock currently. Wal-Mart has future plans for drone delivery and has raised the minimum pay for its workers company-wide.

Technology stocks have been hard to judge, but sticking with the proven companies will usually pay off for investors.

Tech Stocks to Look At

Apple (AAPL) is a big bargain right now at $95.27. In the summer, this stock was trading for over $130. Apple continues to develop new computers, tablets and smartphones. The company is flush with cash and the stock will eventually rise back over $100. Now is a good time to buy Apple, according to analysts at Bank of America and Merrill Lynch.

Microsoft (MSFT) is at just $49.41 per share on Monday. Microsoft's big challenge is getting customers to upgrade to Windows 10, buy their new Surface tablets and laptops and steal some of Apple's customers. Microsoft just signed a deal with the action camera-maker company GoPro and analysts are giving the stock a "buy" rating. The stock could hit the $60 range in the upcoming months, some analysts say.

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