2 Cheap Growth Stocks to Buy and Hold for Years
If you've done your due diligence, then a bear market is most likely the best time to buy stocks since they're usually trading at a discount. While you should be careful to avoid value traps, the market will eventually re-price shares of companies with promising long-term growth. Right now, there are plenty of growth stocks trading at low multiples that can potentially set you up for some significant gains in the years ahead.
Two cheap stocks that should be on your radar today are Pfizer (NYSE: PFE) and United Parcel Service (NYSE: UPS). They're trading at low forward earnings multiples and are safe investments that you can buy and hold for years or even decades.
Pfizer is a big name in healthcare, but it is trading at a discounted price. At less than 10 times its future earnings, it looks incredibly cheap compared to the average healthcare stock, which trades at a multiple of nearly 16.
Source Fool.com
