Cheap Stocks For New Investors
Looking to make a start? Boy, are you in luck.
MSNBC:
In my opinion, this is an excellent time to be a brand-spanking-new investor. I’m a contrarian by nature – just ask my wife – and scouring the market for its ‘coldest’ prospects (as opposed to its hottest) is a favorite pastime of mine. At present, it appears that investors seeking the kinds of stocks that can anchor a portfolio – long-haul overachievers trading on the cheap – are in luck.
For example, take the likes of FedEx (NYSE: FDX), Citigroup (NYSE: C), and ConocoPhillips (NYSE: COP). Each of these big boys has made light work of the S&P 500 over the past 10 years. But thanks to Mr. Market’s mysterious ways, all of ‘em clock in with price-to-earnings (P/E) ratios below that of the broader market and their typical industry rivals. That’s also true of Caterpillar (NYSE: CAT), Texas Instruments (NYSE: TXN), and SLM (NYSE: SLM). And with that latter dynamic duo, moreover, you get a storied performance history and – if the analysts are to be believed – juicy forward-looking earnings-growth prospects, too.
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