ARCC - 5 Magnificent Stocks to Buy That Are Dirt Cheap
2024-01-28 05:51:00 ET
What's the main downside to a new bull market? Valuations can become frothy. The average S&P 500 stock trades at nearly 21.5 times estimated earnings. Many stocks have much steeper valuations.
But don't think for a second that there aren't bargains to be found. Here are five magnificent stocks to buy that are dirt cheap (listed in alphabetical order).
You might not be familiar with Ares Capital (NASDAQ: ARCC) . However, it's the largest publicly traded business development company (BDC) in the U.S. Its stock is also one that value investors could find quite attractive. Ares Capital's forward earnings multiple is a low 8.8x.
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5 Magnificent Stocks to Buy That Are Dirt Cheap