Buy These 2 Supercharged Stocks While They're Still Absurdly Cheap
It's hardly news that stocks have gotten cheaper since the start of 2022. The S&P 500 is down over 20% this year, stocks are now in a bear market, and the average price-to-earnings (P/E) ratio is down to just under 20.
While this is well below the all-time high multiple of close to 40, which was hit at the end of 2021, the market's current P/E is actually still above its long-term average of 16. With interest rates continuing to rise around the world, it's hard to argue that stocks are cheap at the moment.
But just because the market is trading above its long-term average P/E ratio doesn't mean that every stock is trading at a premium valuation. Here are two growth stocks at cheap valuations that deserve a look for your portfolio today.
Source Fool.com
