3 Value Stocks to Buy With $3,000
When you hear the stock market is "expensive," that typically means that stock prices are outpacing earnings growth. That's exactly what's happening in today's market, where the average stock in the S&P 500 has a price-to-earnings (P/E) ratio of 31, significantly above the historical average. This doesn't mean that investing in the stock market is a bad idea, it just means that bargains are harder to come by.
With that, we asked some of our contributors for three value stocks worth buying now. They think it would be a good idea to put $1,000 into each of the following stocks: Essential Utilities (NYSE: WTRG), Lockheed Martin (NYSE: LMT), and nVent Electric (NYSE: NVT).
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Source Fool.com
