3 Cheap Stocks to Buy Right Now

Since the Great Recession officially came to an end in 2009, growth stocks have been the driving force on Wall Street. Historically low lending rates, massive government spending programs, and a compliant Federal Reserve providing an abundant pool of cheap capital have incentivized fast-paced businesses to hire, innovate, and acquire other companies.

These dynamics are unlikely to change anytime soon, and the chickens are coming home to roost in terms of runaway inflation. It's also made it difficult to find stocks that are cheap in the current environment, with the S&P 500's price-to-earnings ratio of 28.9 at historically elevated levels.

Image source: Getty Images.

Source Fool.com