Market down, invest in Alibaba, E.l.f. Beauty, and Crocs for cheap stocks with growth potential.

From Nasdaq: 2025-03-12 18:32:00

The market is down, making it a good time to find cheap stocks. Consider investing in Alibaba, a Chinese e-commerce and cloud computing giant with a forward P/E ratio of less than 15. They are making strides in AI and have seen growth in their cloud intelligence and e-commerce businesses.

E.l.f. Beauty is another bargain stock to watch. Despite a recent drop in share prices, the company has opportunities for growth in skincare and other categories. Additionally, the cosmetic industry tends to perform well during recessions. E.l.f. Beauty also has partnerships with major retailers like Target on the horizon.

Crocs, known for its comfortable footwear, is trading at a low forward P/E ratio of under 8. The company is working to turn around its HeyDudes brand and capitalize on international growth. With strong cash flow, Crocs has the flexibility to invest in growth initiatives. Consider scooping up shares while they’re on sale.



Read more at Nasdaq: Have $500 to Invest? 3 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now