3 Stocks Wall Street Hates That You Should Buy Now
If you were lucky enough to have a cash pile to pour into stocks after the Great Recession ended, you're sitting pretty. It's been a phenomenal run, as the current bull market turned eight years old this spring. We boasted about Dow 20,000 in January only to blow past 21,000 a month later and briefly top 22,000 in early August.
As profitable as the current bull market has been for many investors, the S&P 500's price-to-earnings ratio of nearly 25 makes it difficult to find intriguing stocks at enticing prices. Luckily for investors, there are still some diamonds in the rough out there. Among them: Ross Stores (NASDAQ: ROST), General Motors (NYSE: GM), and Disney (NYSE: DIS)
A lot of industries are shaking in their boots at the thought that Amazon.com (NASDAQ: AMZN) will eventually slide into their territory and steal business. That list of industries includes the grocery industry, now that the e-commerce giant has acquired Whole Foods Market. It also includes retailers of any kind, and industries such as automotive parts or pharmaceuticals could be next. But Ross Stores has somehow managed to successfully fight off the e-commerce company, but despite its solid results, it has traded lower with the rest of its retailing peers, offering investors a golden opportunity.
Source: Fool.com