ENB - 3 Bargain-Basement Growth Stocks to Buy on the Dip
2023-10-12 08:41:00 ET
The market has been very uneven this year. Some stocks have rallied, while others have fallen. Those declines have some companies looking like real bargains these days.
Brookfield Infrastructure Partners (NYSE: BIP) (NYSE: BIPC) , Enbridge (NYSE: ENB) , and Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A) stand out for their discounted values. Here's why value-focused investors will want to buy these growth stocks while their share prices trade at bargain-basement prices.
Brookfield Infrastructure has tumbled more than 20% from its 52-week high. That has the global infrastructure operator trading at a cheap price. It currently expects to end the year generating $3.05 per share of funds from operations (FFO) -- 13% higher than its 2022 exit rate.
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3 Bargain-Basement Growth Stocks to Buy on the Dip