Although the stock market may seem hot these days and largely overvalued, there are some gems you can find out there, with many stocks priced below $100.
If you’re a long-term investor, then three stocks you’ll want to consider loading up on right now are Pfizer (NYSE: PFE), Novo Nordisk (NYSE: NVO), and PDD Holdings (NASDAQ: PDD)
These stocks are incredibly cheap, and here’s why they could look like steals in a few years. Pfizer One stock that can’t catch much of a break these days is Pfizer. Although it has been trading at a discount for years, investors still aren’t eager to buy it.
Currently, it’s trading at around $25, and this year, it’s up around 1%, which doesn’t offer much comfort to investors who have been hanging on for five years — their investment in the company remains down around 37%. The big risk with Pfizer is slowing growth and looming patent cliffs on key drugs. Those are considerable concerns, but I also believe they are a bit overblown.