Are we at the bottom yet? No one knows for sure. But if you believe in the ultimate strength of the U.S. economy, now would be a good time to look for bargains. It will be the sector leaders that benefit from the initial upturn.

Buying great companies at a good price is always a good strategy. Look for industry leaders that have superior market position as well as solid financial fundamentals. Here are three important characteristics you should consider when looking for great stocks.