From Yahoo: 2024-05-08 04:13:17

The FTSE 100 index is soaring, hitting new highs fueled by energy and bank stocks. Despite the surge, there are still cheap stocks worth considering. One standout, Smith & Nephew, a healthcare company, is currently trading at half its pre-Covid levels, offering solid growth potential with a low P/E ratio at 10.7.

Prudential, an insurer focused on Asia and Africa, has faced challenges due to China’s economic slowdown. Despite this, recent results showed growth in countries like Thailand and India. With a P/E ratio of 9.4, Prudential offers value, especially if China’s economic conditions improve, potentially boosting profits and share prices.

These UK stocks, Smith & Nephew and Prudential, offer significant value amidst the FTSE 100’s record highs. While both face risks, such as competition and economic conditions, their attractive valuations present opportunities for investors seeking growth potential in the current market environment.



Read more at Yahoo: 2 dirt cheap UK stocks to consider buying as the FTSE 100 hits new all-time highs