2 Hot Stocks That Are Absurdly Cheap Right Now
In the current economic climate, it's clear that growth stocks have fallen out of favor. Instead, over the past year, defensive options have yielded market-beating returns. And while many top growth stocks have seen impressive year-to-date increases, most are still down considerably more than their defensive counterparts.
Thus, with the Federal Reserve still keeping its foot on the macroeconomic brakes (with at least one more rate hike likely), investors have reason to remain cautious with their capital allocation. Having at least a portion of one's portfolio invested in sturdy, cash flow-producing companies can lead to returns that, at the very least, align more closely with those of the overall market.
That said, growth stocks have vastly outperformed value stocks over the past decade and a half, and so it's prudent for equity investors to hold a mix of growth and defensive stocks.
Source Fool.com
