With the average stock on the S&P 500 trading at lofty levels of 42.7 times earnings (P/E), it's becoming harder and harder to find high-quality stocks trading for fair prices. One surprising area to look for them is the realm of American Depository Receipts ( ADRs ), or companies that do their principal business outside of the country, but trade on a U.S. exchange.
Three firms that are among the top of this category are Sify Technologies (NASDAQ: SIFY) , ContextLogic (NASDAQ: WISH) , and 111 Inc. (NASDAQ: YI) . Let's look at why now's the time to go long on the India data center company, the discount e-commerce firm in Europe, and the leading telepharmacy giant in China.
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3 Global Value Stocks to Buy Now