The pool of available value stocks dramatically increased over the last year. Many growth stocks have taken a big hit this year, changing the category they fall into. Some of the most prominent growth stocks from 2021 now trade deep in bear market territory.

Investors should also note the S&P 500 is attempting to return to bull market territory in recent trading sessions. This could bode well for value stocks such as Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Qualcomm (NASDAQ: QCOM), and Target (NYSE: TGT).

If you've got $5,000 available that isn't needed to pay bills, bolster an emergency fund, or reduce short-term debt, you might want to buy and hold one (or all) of these three value stocks.

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Source Fool.com