2023-11-29 09:37:00 ET
The stock market is rallying, and there's still time for it to enter a bull market before the new year starts. That would be a great way for investors to end the year, but it would also mean they have less to choose from in the bargain bin.
Cheap stocks aren't always bargains, though. The "bargain" label implies both a low valuation and high quality; valuations typically mirror a stock's potential and performance. Stocks get priced at a premium when investors view the opportunity they present as compelling, and they get low valuations when there isn't much to get excited about.
So when you find a company that has incredible potential trading at a low valuation, you might want to grab shares. Ulta Beauty (NASDAQ: ULTA) is an amazing choice.
For further details see:
Buy This 1 Supercharged Stock While It's Still Absurdly Cheap