2 Top Value Stocks to Buy Right Now

With the S&P 500 trading at an average price-to-earnings (P/E) multiple of 37, stocks right now are generally trading at a significantly more expensive ratio than their historical average of 16. When that happens, occasionally market corrections follow. While there is no guarantee that a crash is coming, savvy investors might want to take a closer look at rotating or diversifying into some value stocks as a potentially safer option.

Two value stocks to consider at the moment are General Motors (NYSE: GM) and Philip Morris International (NYSE: PM). Both are great deals in the electric vehicle and tobacco industries.

With plans to go all-electric by 2035, GM is a serious contender in the rapidly growing electric vehicle industry. And with a forward P/E multiple of just 8.8, its stock is dramatically cheaper than the current market leader, Tesla, which trades for 108 times forward earnings. Is Tesla overvalued, or is GM undervalued? It's hard to say. But what is clear is that with its dirt-cheap valuation and comprehensive EV strategy, GM is one of the most compelling ways for investors to bet on this opportunity.

Source Fool.com