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2 Cheap Growth Stocks to Buy for 2022

TheMotleyFool

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Valuation measures like the price-to-earnings (P/E) ratio can be effective tools for investors to use in assessing stocks and comparing their relative attractiveness. Currently, the S&P 500's P/E ratio stands at more than 30, which is steep compared to years past when it was far lower. High-priced investments can be vulnerable to a correction.

One way to protect your portfolio in the event of a market crash is to focus on solid, value-oriented buys. Two stocks that trade at incredibly low P/E ratios of less than 15 are Fulgent Genetics (NASDAQ: FLGT) and FedEx (NYSE: FDX). Here's why you'll want to consider adding them to your portfolio today.

Image source: Getty Images.

Source Fool.com

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