2023-04-21 08:45:00 ET
Buy low and sell high. That's a great strategy for anything you're buying and planning on selling later, and stocks are no exception. If you're willing to hold for years before selling your investment, then a couple of stocks to consider buying today are CVS Health (NYSE: CVS) and Amazon (NASDAQ: AMZN) . Here's why these stocks look cheap -- and why you may want to buy them now.
Often, when a stock is trading at a big discount, investors may be inclined to think it's a value trap. At nine times its future earnings (based on analyst estimates), CVS looks like it may be too cheap a buy and that something must be wrong with its business.
But I believe that investors are simply being too bearish on the healthcare stock because of how aggressive it has been with acquisitions lately, and there could be concerns about the safety of its dividend, which yields 3.2% right now.
For further details see:
2 Unstoppable Stocks You Might Regret Not Buying Right Now