Got $5,000? These 2 Stocks Are Trading Near Their 52-Week Lows and Are Cheap Buys Right Now
From Nasdaq.:
It has been revealed that investing in the S&P 500 with a long-run return of 10% could turn a $5,000 investment into over $54,000 over 25 years, a staggering growth of more than 1,000%.
Two stocks that seem to be undervalued at the moment are Alibaba Group Holdings and Chevron. Alibaba’s multiple is only 7 times its estimated future earnings, making it a potentially cheap investment. Additionally, it could play a significant role in the AI industry, offering a lot of potential for growth.
Chevron has seen a 17% decline in its valuation during the past year, making it a potential bargain of a buy. With a forward price-to-earnings multiple of 11 and a high yield of 4.1%, it’s positioned to be a good investment for those willing to take a contrarian position. Additionally, the company is investing in green energy initiatives as part of its long-term plan.
According to The Motley Fool Stock Advisor analyst team, they recommended 10 best stocks for investors to buy now, and Alibaba Group wasn’t one of them. The Stock Advisor service has more than tripled the return of the S&P 500 since 2002, indicating a strong track record of success.
Investing $5,000 into one or both of these stocks could be a great move for long-term investors, given the potential growth and undervalued status.
Read more: Got $5,000? These 2 Stocks Are Trading Near Their 52-Week Lows and Are Cheap Buys Right Now