Three cheap stocks worth considering for long-term growth potential: AbbVie, Alibaba, and FedEx.

From Nasdaq: 2025-03-07 05:30:00

In 2024, the average tax refund was $3,138, similar to the previous year. Consider using your refund to pay off debt, save, or invest. Three stocks worth considering are AbbVie (NYSE: ABBV), Alibaba Group (NYSE: BABA), and FedEx (NYSE: FDX) for long-term growth potential.

AbbVie, a healthcare company with a market cap of $370 billion, offers a diverse business with growth opportunities and a 3.1% yield. Despite concerns about patent protection for Humira, newer drugs are proving successful. With a forward P/E of 17, AbbVie is a solid buy for income and growth potential.

Alibaba, a Chinese tech company, has recently gained momentum and offers AI innovations. Sales increased by 8% to $38.4 billion, and a partnership with Apple boosts growth potential. With a low forward P/E of 13 and a 1.5% dividend yield, Alibaba is a promising investment.

FedEx, a shipping and logistics company, provides a 2.1% yield and benefits from the growing e-commerce market. Despite recent sales declines, investments in AI and e-commerce position FedEx well for the future. With a forward P/E of 12, FedEx is a value buy for long-term investors.

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Read more at Nasdaq: 3 Cheap Stocks to Buy With Your Tax Refund Check