3 Undervalued Stocks to Buy in the Second Half of 2022
It was a rough first half of 2022 for the stock market. At the market close on June 30, the S&P 500 was down 21% and the Nasdaq was off 30%, leaving many investors' portfolios drowning in red. The upside of this brutal start to the year is that it has brought many high-quality businesses down to bargain valuations, creating compelling opportunities for investors.
However, just because a stock is trading for a cheaper valuation doesn't mean it's necessarily a good buy. Investors should look beyond the share price and dig into the fundamentals of the business to determine what's a value play and what's a value trap. Here are three undervalued companies I think make great buys for the second half of 2022 and beyond.
Mostly known for its dominant position in the e-commerce space, Amazon.com (NASDAQ: AMZN) is in a position to have a stronger second half of 2022. When the company reported first-quarter earnings, the market reacted negatively to some of the headline numbers, further punishing the stock price. However, upon closer inspection, there is reason to believe the short-term headwinds facing the e-commerce side of the business are just a bump in the road.
Source Fool.com