Here's My Top Value Stock to Buy Right Now
Value stocks are shares in companies that trade at low multiples compared with their earnings and future potential. While General Motors (NYSE: GM) faces near-term challenges from the chip shortage, its massive investments in electric vehicle technology could leave long-term investors smiling all the way to the bank.
GM's shares are down by around 24% from their 52-week high of $64 as investors assess the impacts of the industrywide chip shortage, which has led the company to announce plans to slash production at eight of its North American assembly plants in September.
But management is also taking steps to sustain its operations during this challenging time.
Source Fool.com
