2 Top Value Stocks to Buy Right Now
With the S&P 500 trading at an average price-to-earnings (P/E) multiple of 35, company valuations might be becoming unhinged from fundamentals. And while there is no way to predict a stock market crash, now is a good time to bet on stable value stocks likely to maintain their profitability and dividends no matter what happens in the economy. Let's explore the reasons why tobacco giant Altria (NYSE: MO) and supermarket retailer Albertsons (NYSE: ACI) fit the bill.
With an annualized return of around 20% (including reinvested dividends) for nearly half a century, Altria is one of the best-performing stocks of all time -- and it still has some fight left. While the tobacco giant is still reeling from the effects of its disastrous investment in vaping start-up Juul Labs, it can continue returning value to shareholders with its unbeatable pricing power and dirt-cheap valuation.
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Source Fool.com
