3 Value Stocks to Buy in January
There's no denying the market is richly priced at this point in time. Data from Birinyi Associates indicates the S&P 500 (SNPINDEX: ^GSPC) is currently valued at 28.8 times trailing 12-month earnings. And even though profits should grow significantly in 2022 from last year's still-suppressed levels, the large-cap index is still priced at 21.2 times its projected 12-month earnings.
Simply put, stocks as a whole are expensive.
But not every stock costs a relative fortune to step into at this time. There are some pockets of value to be found -- if you turn over enough rocks. Here are three such value stocks to consider before January turns into February. All have price-to-earnings (P/E) ratios that are much more reasonable than the market's multiple.
Source Fool.com
