The stock market volatility of October has continued into November but don’t let a pullback scare you out of stocks. Value investors rush in looking for deals [and here are] 5 cheap large cap stocks to buy now.
This version of the original article, by Tracey Ryniec, has been edited* here by munKNEE.com for length (…) and clarity ([ ]) to provide a fast & easy read.
- BP (BP) is a large integrated oil company. An oil stock? Right now? It’s certainly cheap.
- It has a forward P/E of just 11.5 but earnings are expected to be up 89% in 2018 and another 9.4% in 2019.
- It also pays a really juicy dividend, yielding 6%.
- Walgreens Boots (WBA) is the global drugstore chain and it is one of the few stocks on this list that is actually up over the last few months trading near its 52-week high.
- it’s still got an attractive valuation with a forward P/E of 12.5.
- Sony Corp. (SNE) has transformed itself from a products company into a gaming and content company as its PlayStation heats up heading into the holidays.
- Shares are off their earlier highs and the stock is still cheap, with a forward P/E of just 11.4.
- MetLife (MET) is a financial services giant operating in 40 countries in insurance, annuities, employee benefits and asset management.
- Shares are down over 9% year-to-date.
- It’s dirt cheap with a forward P/E of 8.4.
- It even has an attractive PEG ratio of just 0.7. A PEG under 1.0 usually means a company has both growth and value, a rare combination.
- PACCAR (PCAR) makes trucks, truck engines and the aftermarket parts and services. In the third quarter it saw record truck production and record market share in Europe. But did Wall Street like it? No.
- Shares are down 20% year-to-date on worries of a global recession.
- Shares are cheap with a forward P/E of just 9.5 and a PEG ratio of 0.9.
(*The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor)
For the latest – and most informative – financial articles sign up (in the top right corner) for your FREE bi-weekly Market Intelligence Report newsletter (see sample here).
Thank you for taking the time to read this article. If you enjoyed reading it please hit the “Like” button, and if you’d like to be notified of future articles, hit that “Follow” link.