2023-07-02 08:30:00 ET
Wall Street is pumping with enthusiasm as it looks like a bull market may be back. Even if it's not technically a bull market yet, the S&P 500 is up 14% this year -- and many stocks are up much more.
Once we get back into a true bull market, it will be much harder to find cheap growth stocks. Increasing prices can get out of hand, and the real value of a stock can get fuzzy. That can lead to a bust, and it's why you should always insist on a reasonable valuation before you buy a stock.
The flip side is that cheap stocks are usually cheap for a reason -- and often come with sizable risk. But if they are truly undervalued, they can lead to incredible gains. Paramount Global (NASDAQ: PARA) and Wayfair (NYSE: W) are two such stocks trading at dirt-cheap valuations and worth considering now.
For further details see:
These 2 Super-Cheap Stocks Could Lead to Incredible Gains, but They're Risky