The market is rising again after a sour 2022. While that's great for investors, it's reason to be cautious when starting new positions. Some prices already look highly inflated, and we're not necessarily out of the bear market yet.

Instead of getting caught up in the excitement of a hot stock, now's the time to look through the bargain bin and see what investors are passing over. Skechers (NYSE: SKX), Home Depot (NYSE: HD), and Revolve Group (NYSE: RVLV) are all well-positioned to charge forward when the economy gets stronger and are trading at cheap prices.

Skechers, which makes athletic footwear and other products for the active lifestyle, posted excellent results in the 2023 first quarter, despite the world's economic woes. Its cheaper price point makes it an alternative to high-priced sneakers and gym wear. While that's universally appealing at any time, it's particularly potent in tough times.

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Source Fool.com