Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now
The past year has been one of the most painful periods in recent memory for retirement savers. The only good news is these downturns historically have been the ideal time to put money to work in the market.
Stocks won't stay down forever, and there are some compelling deals right now. If you have $500 that you don't need for important things like paying bills, building up an emergency fund, and/or lowering your short-term debt, there are two stocks you might want to consider buying that offer great value relative to their future earnings power and could outperform the broader market averages over the next few years. Let's find out a bit more about these two long-term investment options.
Shares of RH (formerly Restoration Hardware) (NYSE: RH) were hit hard in the current bear market. Market traders are worried about a slowing housing market and the potential impact on the sale of home furnishings. RH reported relatively flat revenue growth last quarter, so the concerns were valid. Because of this, long-term investors now have a great opportunity to buy an emerging top retail brand at a valuation that was unthinkable just a few years ago when sales were booming.
Source Fool.com
