VZ - 3 Absurdly Cheap Stocks to Buy and Hold for Years
2024-07-17 08:25:00 ET
Stocks that are trading at low- and discounted-earnings multiples can sometimes be value traps. But other times, it's just due to short-term and temporary factors that the stocks aren't doing terribly well. In these situations, there are opportunities for investors to score some great deals in the market.
Three stocks that bargain hunters may want to consider buying today are AbbVie (NYSE: ABBV) , Verizon Communications (NYSE: VZ) , and PayPal Holdings (NASDAQ: PYPL) . Although these stocks have underperformed the markets this year, here's why you'll want to consider buying them, anyway.
Shares of AbbVie are up around 9% this year. It's not a bad return by any means, but it's well below the S&P 500 's gains of nearly 19%. The drugmaker's focus on growing its business through in-house development and acquisitions is what makes the stock a compelling buy. AbbVie's business has a bright future.
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3 Absurdly Cheap Stocks to Buy and Hold for Years