HPE - These 3 Value Stocks Are Absurdly Cheap Right Now
Are you looking for some ridiculously cheap stocks to buy? Despite the Dow Jones Industrial Average hanging out around all-time highs, there are still some good deals out there. It isn't always easy finding them, especially since the coronavirus pandemic has crippled many businesses, making their earnings look abysmal over the past year. That is why I am going to focus on dirt-cheap stocks that are trading at incredibly low forward price-to-earnings (P/E) multiples, which factor in analyst expectations for profits next year.
Three stocks that are trading with forward P/Es of 10 or less (the current P/E for the S&P 500 is 34) that bargain hunters will want to consider buying today include AbbVie (NYSE: ABBV) , Jazz Pharmaceuticals (NASDAQ: JAZZ) , and Hewlett Packard Enterprise (NYSE: HPE) . With strong fundamentals and business models that could do well in 2021, now may be a great time to buy any of these three stocks.
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These 3 Value Stocks Are Absurdly Cheap Right Now