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Barron’s
The S&P 500 Has Been Soaring. These 10 Stocks Are Still Cheap.
Last Updated: Aug. 24, 2021 at 10:59 a.m. ET First Published: Aug. 24, 2021 at 5:00 a.m. ET
By Andrew Bary
There are still plenty of cheap stocks, even with the major indexes near record highs.
Barron’s screened the S&P 500 index and identified the 10 stocks with the lowest price-to-earnings ratios using 2022 profit projections, based on FactSet data.
The 10 least expensive companies include memory-chip makers Micron Technology (ticker: MU) and Western Digital (WDC), chemical producer LyondellBasell Industries (LYB), and life insurer Lincoln National (LNC). Nine of the 10 have P/E ratios below six. Lyondell has the highest multiple in the group, at 6.5 times estimated 2022 earnings.
The other six stocks are drugmakers Viatris (VTRS) and Organon (OGN); oil and gas producers Diamondback Energy (FANG) and APA (APA), formerly Apache; home builder PulteGroup (PHM), and insurer Unum (UNM).
Several of the stocks have had big gains over the past year, including Diamondback, Micron, and Lincoln National, but all remain cheap based on earnings.
[attachment=9107]
Why are the stocks so inexpensive?..............
https://www.marketwatch.com/articles/che...oremw_bomw
The S&P 500 Has Been Soaring. These 10 Stocks Are Still Cheap.
Last Updated: Aug. 24, 2021 at 10:59 a.m. ET First Published: Aug. 24, 2021 at 5:00 a.m. ET
By Andrew Bary
There are still plenty of cheap stocks, even with the major indexes near record highs.
Barron’s screened the S&P 500 index and identified the 10 stocks with the lowest price-to-earnings ratios using 2022 profit projections, based on FactSet data.
The 10 least expensive companies include memory-chip makers Micron Technology (ticker: MU) and Western Digital (WDC), chemical producer LyondellBasell Industries (LYB), and life insurer Lincoln National (LNC). Nine of the 10 have P/E ratios below six. Lyondell has the highest multiple in the group, at 6.5 times estimated 2022 earnings.
The other six stocks are drugmakers Viatris (VTRS) and Organon (OGN); oil and gas producers Diamondback Energy (FANG) and APA (APA), formerly Apache; home builder PulteGroup (PHM), and insurer Unum (UNM).
Several of the stocks have had big gains over the past year, including Diamondback, Micron, and Lincoln National, but all remain cheap based on earnings.
[attachment=9107]
Why are the stocks so inexpensive?..............
https://www.marketwatch.com/articles/che...oremw_bomw
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