2 Top Value Stocks to Buy in October
With bond yields rising and interest rates expected to remain elevated for several more quarters, value stocks are starting to look mighty enticing. Value stocks are equities that trade at low earnings multiples, price-to-sales multiples, or book values relative to their peers.
They also tend to pay generous dividends and sport rock-solid balance sheets, making them a reliable source of passive income. Best of all, these equities generally outperform other asset classes when the economy cools off, thanks to their strong competitive positions, better-than-average free cash flows, and ability to generate income for shareholders in nearly any type of economy.
Which value stocks stand out from the crowd? Due to the defensive nature of their underlying businesses, robust product portfolios, and generous shareholder rewards, Philip Morris International (NYSE: PM) and Viatris (NASDAQ: VTRS) screen as two top value stocks to consider buying right now. Read on to find out more about these two outstanding income and value plays.
Source Fool.com
