Buy These 3 Supercharged Stocks While They're Still Absurdly Cheap
Even with the market's massive pullback this year, stock valuations are relatively rich. As of its most recent look, stock market research firm Birinyi Associates says the S&P 500 is priced at 16.7 times the next 12 months' projected earnings. That's still above the index's long-term average forward price-to-earnings ratio, and near the average premium that stock valuations have been at since the Fed dropped interest rates to abnormally low levels.
Not every stock is still overvalued though. These three companies offer a ton of growth potential in addition to being relatively cheap. Get them at these prices while you still can.
There's no denying that automaker Ford Motor Company (NYSE: F) waited too long to adapt to changes in its industry, and the advent of electric vehicles (EVs) in particular. The fallout from the COVID-19 pandemic only exacerbated these problems, exposing weaknesses that have been holding the stock back for a couple of decades now.
Source Fool.com
