Over the past 12 months, the S&P 500 has delivered an impressive 48% return. However, the index is now at its third most-expensive level in history, with a price-to-earnings (P/E) ratio of 42.
With that run-up behind us, it has become more challenging to pick up good new investments without paying an excessive premium. Still, will a little extra legwork, some relative bargains can be found. Stitch Fix (NASDAQ: SFIX), Red White & Bloom (OTC: RWBY.F), and Viatris (NASDAQ: VTRS) are among the cheapest stocks to buy now, and all of them are in good positions to add some muscle to investors' portfolios.
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Source Fool.com