3 Undervalued Stocks You Can Buy Today
Despite recent weakness, the broad market is still richly valued. The S&P 500 (SNPINDEX: ^GSPC) is currently priced at 24.8 times its trailing earnings, according to numbers from Birinyi Associates, and priced at just under 20 times its projected 12-month profits. Both figures are above its long-term average price-to-earnings (P/E) ratios.
Not every name trading in the S&P 500 is trading at these above-average valuations, however. A handful of quality names are trading at single-digit earnings multiples for reasons that aren't apt to last. Here's a closer look at three of your best bets right now from this select group.
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Source Fool.com
