3 Bargain Stocks You Can Buy Right Now
Are you a bargain hunter looking for a good stock to buy that isn't trading at an obscene valuation? You'll likely be hard-pressed to find many true discounts out there, with the S&P 500 up over 6% this year and many stocks performing well despite economic challenges and the ongoing coronavirus pandemic.
However, I've dug up three great bargains for you -- companies poised to generate some strong returns for your portfolio in the near future. Bristol Myers Squibb (NYSE: BMY), Baidu (NASDAQ: BIDU), and Morgan Stanley (NYSE: MS) are stocks that can give you some solid bang for your buck. They're all trading at very modest valuations, and now may be a great time to scoop them up. Here's why they look like solid buys.
Despite the bullishness around healthcare stocks this year (the Health Care Select Sector SPDR ETF is up 4% in 2020), there hasn't been much love thrown Bristol Myers Squibb's way. Down 5% year to date, the stock is underperforming the healthcare sector as a whole. The pharmaceutical company isn't among those in the heated race to develop a COVID-19 vaccine, and the U.S. president didn't use any of its drugs to treat his own coronavirus infection. Bristol Myers Squibb has simply been out of the spotlight, and while that doesn't make it a bad stock, it does mean it's gotten lost amid all the hype. And that could be great news for bargain-hunting investors.
Source Fool.com
