Got $5,000? Buy and Hold These 3 Value Stocks for Years
In a brutal bear market, one of the things that may allow you to sleep well at night is investing in value stocks. Value is a somewhat relative term, but generally, it denotes low-priced stocks based on a multiple of earnings or book value. While high-flying growth stocks trading at lofty multiples have huge downside potential if sentiment changes around their prospects, value stocks have a more solid ground on which to stand.
Right now, the following high-quality stocks have fallen to bargain levels. While their prices could fall further from here and results could suffer in the near term, these are resilient companies that should bounce back eventually, making them solid long-term picks for your portfolio today.
Warren Buffett once said, "You pay a high price for a cheery consensus," and you couldn't get a less cheery consensus than investors have on Meta Platforms (NASDAQ: META) right now. Perhaps that's why the dominant social media platform with outstanding financial characteristics trades at less than 12 times earnings.
Source Fool.com
