2 Top Value Stocks to Buy Right Now
Smart shoppers want to get more for less, and the same is true for investors looking for their next portfolio addition. Let's explore the reasons why Walmart (NYSE: WMT) and Johnson & Johnson (NYSE: JNJ) offer some of the best bargains for your investing buck in the stock market right now.
With a forward price-to-earnings (P/E) ratio of 24, Walmart isn't the quintessential example of a value stock. But it is significantly cheaper than the S&P 500 average P/E of 39, and shares look downright affordable considering its potential to become a market leader in e-commerce.
E-commerce is the future of retail, and the coronavirus pandemic accelerated this transition. Digital penetration in retail hit 21% in 2020, up from just 16% in 2019, and Walmart's future will depend on how well it can adapt to this evolving industry. So far, the company is doing a bang-up job -- launching its membership platform, Walmart+, in September.
Source Fool.com
