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Here's My Top Stock to Buy in October

TheMotleyFool

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With the S&P 500 trading at an average price-to-earnings multiple (P/E) of 34, now is a good time to consider value stocks -- shares in companies trading at low multiples compared to their earnings and growth potential. Ford Motor (NYSE: F) fits into the category because of its low valuation and compelling pivot to electric vehicles. Let's dig deeper.

In 2018, Ford announced a massive restructuring and cost-cutting program that saw it lay off thousands of workers and reshuffle its product mix to focus on higher-margin trucks and SUVs. The strategy is already making a significant impact on the company's operations.

Image source: Getty Images.

Source Fool.com

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