UPS, Novo Nordisk, and Adobe are trading below the S&P 500’s average P/E ratio. Their businesses are solid with promising growth prospects that may be undervalued. UPS is down 24% this year, trading at a low P/E multiple and offers a 7% dividend yield. Novo Nordisk is down 45%, but has growth opportunities. Adobe is down 24%, but remains in demand for its image-editing software, posting record revenue.

Read more at Yahoo Finance: 3 Absurdly Cheap Stocks That Look Like Steals Right Now