The stock market has been on a nice run lately. Over the past month, the S 500 is up 3% while the Nasdaq Composite has grown 4%. While it's always nice to see more green than red in my brokerage statement, a run-up in the market also means stocks are more expensive to buy. As someone who buys stocks regularly, I find this can be a double-edged sword.
When I buy stocks, I'm on the lookout for the businesses I think are doing well but are not getting recognition from the market. In my view, this is where I have the best chance to find some deals. Let's take a look at two of the cheapest stocks I own and why I think they're worth buying today.
Popular retailer (NYSE: TGT) has had a strange few years. After it got through the pandemic successfully, trouble started brewing in 2022 when the company reported second-quarter results. The headline was a 90% drop in earnings due to an inventory glut resulting from buying too many of the wrong items at the wrong time. This left Target in the position of needing to slash prices on large bulky items in order to clear out its inventory.
Source Fool.com