Down Over 20% From Their Highs, These 3 Value Stocks Are Too Cheap to Ignore
On Friday, the S&P 500 closed within 2% of its all-time high. Despite cracks in the real economy, such as supply chain concerns, inflation, and other risks, Wall Street continues to take an optimistic approach by focusing on the long-term potential of many leading companies. Even with the market's excellent year-to-date return, there are several quality businesses that have seen their stocks underperform the benchmark.
We asked some of our contributors which value stocks were too cheap to ignore. They identified three stocks that were each down at least 20% from their highs. Here's what makes Stanley Black & Decker (NYSE: SWK), Taiwan Semiconductor (NYSE: TSM), and Royal Gold (NASDAQ: RGLD) all great buys now.
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