Tech Stocks Are Too Expensive. Try These 3 Cheap Stocks Instead
Hopes for a post-pandemic recovery have Wall Street in rally mode, with the S&P 500 hitting an all-time high in August. For existing investors it has been a great time to be in the markets, but what's a newcomer or someone with fresh capital to invest to do?
Stocks, by historical standards, are expensive, and popular sectors like tech look particularly pricey. It's easy to feel as though you have missed out on the gains, and to be reluctant to buy in at these levels. It's also not very appealing to buy into struggling companies just because their valuation is more reasonable.
But not every stock is overpriced, and not every company that has missed out on the rally is in trouble. There are still some stocks with reasonable valuations in certain sectors of the economy that have been largely overlooked by investors.
Source Fool.com
