3 Stocks That Are Absurdly Cheap Right Now
With many financial headlines describing "frothy" markets at or near "all-time highs," investors may think most stocks are extremely expensive. But in every market, there's usually something out there that's cheap, if you look hard enough.
Although high-flying growth stocks have sold off recently on interest-rate fears, many are in fact still expensive on traditional metrics. Yet based on earnings estimates for this current year, a number of cyclical companies are still priced quite cheaply, suggesting that investors don't believe the current reopening "boom" will have legs beyond this year.
But if you believe JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon that the economy is set for a boom that could last into 2023, there won't be any cyclical slowdown happening any time soon. If that's the case, these cheap value stocks are screaming buys.
Source Fool.com
