FNV - Bull Market or Bear These 3 Stocks Still Look Cheap Either Way
The stock market has been incredibly volatile lately. Stocks plunged deeply, then rallied sharply, only to start tumbling again in recent weeks. Because of that, it's not clear if the market's next move is higher or lower.
While the current uncertainty can make it challenging to invest, it's important to keep the long-term view in mind. The stock prices of high quality companies that can consistently grow their earnings tend to go up over the long term, especially if you can buy shares at attractive valuations. Three high-quality companies currently trading at cheap values are Douglas Dynamics (NYSE: PLOW) , Franco-Nevada (NYSE: FNV) , and Kinder Morgan (NYSE: KMI) . That makes them look like compelling value stocks to consider in these uncertain times.
Reuben Gregg Brewer (Douglas Dynamics): Wall Street can be fickle and short sighted during turbulent times, which appears to be the case today with Douglas Dynamics. The stock, despite having bounced off its yearly lows, is still down some 20% or so from its 2022 highs. The industrial stock's yield is a generous 3.6%, which is still well above the five-year average yield of just under 3%. Douglas Dynamics looks like it is still sitting in the bargain bin despite the stock's recent recovery.
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Bull Market or Bear, These 3 Stocks Still Look Cheap Either Way