There's no sure thing in investing, but one of the best ways to make money in the stock market is by finding an undervalued stock that has a clear path to growth.

One such stock now is Signet Jewelers (NYSE: SIG), the world's largest retailer of diamond jewelry. Signet owns brands like Kay, Zales, Jared, Diamonds Direct, and Blue Nile, giving it a scale advantage in a fragmented industry and the ability to leverage digital sales in a way that independent jewelers can't.

The stock looks dirt cheap at the moment, trading at a price-to-earnings (P/E) ratio of less than 8 based on its guidance on adjusted earnings per share for the year.

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Source Fool.com