3 Cheap Value Stocks That Just Got More Enticing
In an Aug. 1 column, I suggested that only low-end consumers were struggling, and I stated that “those problems are not going to hurt most large growth stocks significantly.” On Aug. 9, investor and commentator Josh Brown, who has been very pessimistic on the state of America’s consumers until very recently, said on CNBC that the top 75% of consumers are not having financial problems due to inflation. Given Brown’s newfound optimism and the recent market rally, I believe that the Street has become much more bullish on the U.S. economy in recent days, making this a very good time to buy cheap value stocks. Low valuations, strong financial results, and a positive outlook usually foreshadow very strong stock performances. The names that I’ve included in this column have all three of those characteristics. Plus, due to largely unwarranted worries about inflation, and the Fed’s reaction to it, these stocks’ valuation has become even more enticing in recent days. MGM MGM Resorts International $34.49 NXPI NXP Superconductors $179.51 F Ford $15.45 Cheap Value Stocks: MGM Resorts International (MGM) Source: Michael Neil Thomas | Shutterstock.com With fears of the coronavirus having eroded tremendously in the U.S., Las Vegas casinos in general and MGM’s (NYSE: MGM ) properties, in particular, are booming.
3 Cheap Value Stocks That Just Got More Enticing
In an Aug. 1 column, I suggested that only low-end consumers were struggling, and I stated that “those problems are not going to hurt most large growth stocks significantly.” On Aug. 9, investor and commentator Josh Brown, who has been very pessimistic on the state of America’s consumers until very recently, said on CNBC that the top 75% of consumers are not having financial problems due to inflation. Given Brown’s newfound optimism and the recent market rally, I believe that the Street has become much more bullish on the U.S. economy in recent days, making this a very good time to buy cheap value stocks. Low valuations, strong financial results, and a positive outlook usually foreshadow very strong stock performances. The names that I’ve included in this column have all three of those characteristics. Plus, due to largely unwarranted worries about inflation, and the Fed’s reaction to it, these stocks’ valuation has become even more enticing in recent days. MGM MGM Resorts International $34.49 NXPI NXP Superconductors $179.51 F Ford $15.45 Cheap Value Stocks: MGM Resorts International (MGM) Source: Michael Neil Thomas | Shutterstock.com With fears of the coronavirus having eroded tremendously in the U.S., Las Vegas casinos in general and MGM’s (NYSE: MGM ) properties, in particular, are booming.