From Yahoo Finance: 2025-05-04 11:20:00

US stocks surged on Friday with the S&P 500, Dow Jones, and Nasdaq all posting significant gains, marking the longest winning streak for the S&P 500 since 2004. The rally was fueled by positive news from China on trade talks and a strong US jobs report, with 177,000 nonfarm payrolls added in April. The unemployment rate remained at 4.2%, showing resilience despite tariff concerns. Investors were encouraged by signs of easing US-China trade tensions, boosting hopes for improved relations and economic growth. Pfizer Inc. (NYSE:PFE) stands out as one of the most profitable cheap stocks to buy. With a forward P/E of 8.09, TTM net income of $8.03 billion, and 92 hedge fund holders, Pfizer Inc. (NYSE:PFE) is a promising investment option. The company is focusing on cost-cutting strategies to drive growth and savings, aiming to leverage digital technologies for operational efficiencies and reinvestment in product development. While PFE ranks 8th on the list of profitable cheap stocks, some AI stocks may offer higher returns in a shorter timeframe. For investors seeking promising AI stocks, consider exploring other options beyond Pfizer Inc. (NYSE:PFE).



Read more at Yahoo Finance: Is Pfizer Inc. (PFE) The Most Profitable Cheap Stock to Buy Now?