3 Bargain Stocks You Can Buy Right Now
If you're a bargain hunter, now is a good time to buy some quality stocks that can be great, long-term investments to add to your portfolio. While the coronavirus pandemic may cripple many businesses, the three stocks listed below are strong, stable companies that are safe bets to come out of this. They're all trading near their lows for the year and pay investors a dividend as well.
Walgreens Boots Alliance (NASDAQ: WBA) is currently trading close to its 52-week low of $39.41. The company released its second-quarter results on April 2, and it failed to impress investors. For the fourth quarter, Walgreens reported same-store sales growth of 2.7% in the U.S., which fell short of the 3.1% that analysts were expecting from the company. Here's the good news: The company's adjusted earnings per share of $1.52 came in above analyst expectations of $1.46, and total revenue of $35.82 billion was also better than the $35.27 billion that Wall Street was looking for.
The pharmacy retailer did initially see a boost in sales as a result of panic buying in March only for things to taper off by the end of the month. Despite the coronavirus pandemic, management remains steady in its course. CFO James Kehoe states that "Our fundamentals are sound and we are convinced we will exit this global crisis in a strong position." With many businesses shut down and delivery options available to its customers, Walgreens can be a go-to store for people loading up on supplies during the pandemic.
Source Fool.com
