With the S&P 500 entering its eleventh year since the great market meltdown of 2008, many stocks boast record high, triple-digit prices. But not all have been buoyed to the moon by the boom. For one reason or another, some companies maintain a cheap price tag. Today we will focus on finding stocks to buy in this frequently forgotten corner of the Street.
Scanning stocks with a price range south of $40 reveals several themes. Some sit in out-of-favor sectors like mining and energy. Others carry toxic fundamentals and deteriorating earnings. Both areas will be sidestepped in favor of others.
Today’s selection of stocks to buy comprises companies that are dirt-cheap right now and also flashing buy signals. One is a recent IPO. Another is a down-on-its-luck