10 Stocks to Buy Too Cheap to Pass Up in 2024

10 Stocks to Buy Too Cheap to Pass Up in 2024

hey Bai Nation Joseph hog here with 10
stocks too cheap to ignore any longer
stocks trading for an average 54%
discount to their own long-term
valuations and primed for double digigit
returns I’ll walk you through how to
find these highlight those 10
ridiculously cheap stocks but I have to
warn you we’re not just buying stocks
that have fallen in price it’s the one
of the biggest mistakes investors make
chasing that stock lower trying to catch
the proverbial falling knife and getting
their portfolio cut to shreds so I’m
also going to show you how to know when
a cheap stock has stopped falling and is
ready to move higher first up if you’ve
played the lottery or scratch tickets
and you know you have you’ve probably
used international game technology
ticker IGT shares here are down 27% in
the last year and trade just under one
times on a price to sales basis that is
a 37% discount to the price multiple it
traded for just mid last year IGT is a
leader in Lottery and gaming Services
following Lottery industry sales up 7% a
year just over half of the 59% of
Revenue is from lottery sales with 36%
from gambling and 5% from a growing
digital platform that igaming digital
growth is a big Catalyst here and cost
cutting has helped the company become
more profitable both of which should
help boost the valuation back to that
higher multiple the company is a cash
flow machine also here generating over a
billion in operational cash flow and 619
million in free cash flow just last year
a record for IGT that slide in the stock
price looks like it might have slowed in
the last month here with shares down
just 3% which has brought the RSI up a
little little bit I’ll explain what I’m
looking for here and what it means in a
minute but look at the analyst forecast
with even the low Target at 26% higher
and the high Target for 46% potential
return I’ll show you how I found these
next but I also want to highlight amn
Healthcare ticker amn down 34% over the
last year the company is a leader in
healthcare staffing with over 200,000
placements just last year folks I’ve
worked as a labor Economist and I can
tell you the US is already in a
long-term shortage for nurses and
healthcare workers and with the Aging
population it’s only going to get worse
the company estimates will be short
124,000 doctors by 2034 and hospitals
typically see 30% annual turnover in
Staffing making staffing firms like amn
a bare necessity shares now trade for
just 0.59 times on a price a sales basis
a 40% discount to their valuation over
the last year the stock has continued to
fall though down 8% this last month but
is very close to that support we see it
and this is another one with unanimous
consensus among analysts covering the
stock even the low price Target here is
for 22% higher while the average would
be a 33% return to $76 a share we still
got eight more cheap stocks to buy but
all you out there in the nation know I’m
not just about dropping a list of stocks
in your lap and saying here go buy these
I want to give you the tools to be a
better investor to know how to pick your
own stocks so I want to walk you through
how I found these and what to look for
and first looking for cheap stocks you
have to settle on a measure for cheap
here I’m going to be using the price to
sales or price to revenue valuation
that’s the total value of the shares the
market cap divided by the company’s
sales over the last year how much
investors are willing to pay for those
every dollar of Revenue and now you’ve
probably heard the price to earnings
multiple used way more often how much
investors are paying for every dollar in
earnings or profits per share there are
a couple of reasons why I like using the
price to sales ratio more first is you
won’t always have that PE ratio to use
if a company has negative earnings this
year or in the past then because you
can’t divide by a negative number that
price to earnings ratio is just going to
show up as na in most investing platform
forms using the price to sales or price
to revenue ratio though almost all
companies have some Revenue so you’re
always going to be able to find this
number also though and I don’t want to
get all accounting nerd on you but there
are 101 tricks management can use to
manipulate a company’s profits make it
look higher than they actually are in
fact one of the first things you learn
as a professional analyst is how to back
out all the accounting Shenanigans in a
financial statement that’s not to say
that the sales or Revenue ACC company
books are pure like a Catholic after
confession but it is a lot harder to
fudge those reported Revenue numbers
than profits so using that price to
sales valuation is just a truer measure
once you find that price to sales
valuation and it’s easy to find on any
investing platform here on Yahoo finance
it’s in the statistics tab here then you
compare that against two other numbers
to find those truly cheap stocks first
you’re going to compare that current
valuation against the Stock’s own
history is the stock cheaper now
compared to the valuation investors have
been willing to pay in the past then you
also want to compare it against the
other stocks in the companies and
industry is the valuation lower than
what investors are paying for its
competitors right now now finding a
cheap stock isn’t enough though just ask
anyone in shares of AMC over the last
four years a cheap stock can always get
cheaper finding the cheap stocks to buy
right now the ones ready for a rebound
means using technical analysis to find
those inflection points in a Stock’s
price for this video I looked at two
signals here a near-term price momentum
and the relative strength index or RSI
now to find stocks ready to rebound I
just compared the one-ear turn with what
the stock has done over the past month
Newton’s first law of motion is
surprisingly relevant to stocks in that
a falling stock just tends to keep
falling while a rising stock price
continues to Rally until some Catalyst
acts against it and sending it into the
other direction now it’s not some
physical law of markets but just that
investor sentiment tends to drive a
stock in One Direction until that
sentiment turns so by filtering for
those stocks that have turned positive
near term or have at least slowed their
price swings lower gives you a sense of
those where where investors sentiment
may be turning more positive I’m also
using the relative strength index or RSI
a momentum signal in stocks from 0 to
100 that shows when a stock is
overbought or oversold it’s a near-term
indicator showing the price momentum but
here instead of showing the stocks where
sentiment is already turning it can show
us where stocks have gotten too cheap or
really too expensive already technically
anything over 70 is overbought or too
expensive and under 30 is oversold but
you have to balance this with the other
near-term indicator that we’re using
that’s because a stock that has already
started to turn higher that key signal
we’re watching make sure we’re not
trying to catch a falling knife is going
to have a little higher RSI because that
momentum is already started so instead
of only buying stocks in the 20s or 30s
on the RSI willing to go a little higher
up for those Deep Discount stocks that
are already on the way back up of course
I’m also doing that fundamental analysis
that we always look at here on the
channel not only finding those cheap
stocks but the ones with good
fundamentals and a competitive Advantage
among their peers next on our list a
stock that has already started running
but with Room to Grow Newmont
Corporation took her neem Newmont is the
world’s largest gold producer with
mining on four continents and a strong
producer in Copper and other minerals as
well the company reports over 128
million ounces of reserves in Gold alone
and Allin sustaining cost of extraction
of just $1,200 an ounce with the price
of gold surging to a new all-time high
recently numont is collecting almost
twice what it costs to dig it out of the
ground that alone has pushed shares up
10% in the past month boosting the
dividend and supporting a$1 billion
share repurchase program and the stock
is still undervalued compared to its
long-term history because of that recent
jump the RSI is higher but analysts
believe the stock can go higher still as
much as 43% higher to a top price Target
among 13 analysts this next one is more
of a short-term value play here with
Warner Brothers Discovery tooker wbd
with shares down more than 38% over the
last year but turning positive in the
last month the stock is trading for 43%
discount on its price to revenue basis
and I say short term because I think
Netflix continues to dominate that
streaming theme with its advantage in
international production but there is a
near-term rebound potential in Warner
Brothers Revenue in the fourth quarter
took an 18% hit on the actors and
writers strike from last year with the
first quarter expected down another 4%
but I feel like we’re kind of in a low
point of entertainment impacted by last
year’s strikes like have you notice that
how movies suck lately it’s all
low-budget independent movies that
should have been direct to DVD seriously
the wife and I went to go see Civil War
last week and by comparison Captain
America Civil War was a great movie so
as the better movies come back we should
see Revenue increase after this quarter
seeing that valuation multiple
Improvement could be closer to analyst
estimates for a 50% upside on average
and as high as 135% higher to $20 a
share we’ll get back to those cheap
stocks to buy next but a big part of
this strategy is something we don’t talk
about much on the channel That technical
analysis I’m showing you the RSI and
price INF points here but to really know
when to buy or sell a stock you need to
go deeper into those stock signals
that’s why I’m relaunching my stock
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so check that out back to our stock list
though with Walgreens boots Alliance
ticker WBA trading for half of its
long-term valuation now the entire
Pharmacy and Healthcare Market has
struggled since the pandemic sure of
competitor CVS are also down 36% from
its peak and while I do like CVS better
for a longer term investment Walgreens
has the near-term Catalyst to send it
higher Shares are down 49% over the last
year and trade for just .11 times at
sales half the. 23 times Revenue the
stock was trading at less than a year
ago while it hasn’t started rebounding
yet down 133% in the last month we could
get very good news soon recently the
company offloaded its pension debt tied
to the boots Pharmacy chain in the UK a
mov that will allow it to sell the
segment Walgreens has also started
selling off investments in other
businesses like its Chilean drug store
chain and shares of Sora formerly drug
wholesaler amerisur borgan Nation these
are all classic moves to downsize the
company into its core cash flowing
business nearly $7 billion in proceeds
from the boot sale along with other
sources are going to help it pay down
that long-term debt of $30 billion and
while the company shocked W Street this
year by cutting its dividend for the
first time in 47 years it’s still all
part of that plan this is a company
cutting its cost selling non-core assets
and setting itself up for a sale of the
entire company or to take itself private
in a leveraged buyout Walgreens had
already been a target of private Equity
Firm KKR for a buyout in 2019 at $70
billion almost four times its current
value now they could get it for just 25
billion here even the low Target is for
a 10% pop in the shares with a high
Target among 13 analysts for 104% return
likely watching for that big turnaround
news Jen limited ticker G is a $5.6
billion Consulting Services firm with
shares down 29% over the last year as
investors worry that spending cuts by
businesses are going to hit those
Consulting and staffing firms it looks
like the pain has slowed though with the
shares down just 1% in the last month
and still trading for a 35% discount to
that price to sales basis genpact works
in the technology-driven side of
Consulting recently focusing on helping
companies adapt to that AI Revolution
which should help keep revenue growing
on the demand for that trend revenue is
expected up just 3% this year but 6%
next year which should help it turn
around that recent slide and this is
another one with even the lowest analyst
Target a positive return the average of
nine surveyed analysts is for 20% upside
while the high would be 36% higher
medical properties trust ticker mpw has
been one of the most disappointing
stocks in my portfolio but looks like it
might finally turn higher the world’s
second largest hospital real estate
owner has 442 properties and rare
International exposure for a re
operating in 34 US states and nine
countries Shares are down 48% over the
last year and much more before that but
have rebounded 10% in the last month on
news that the company is paying off its
debt with strategic asset sales for
example the stock jumped 18% when the
company announced it had closed on a
majority interest sale of its Utah
hospitals for $1.1 billion and there are
fundamental catalysts for this one as
well with health insurance stocks
falling on higher medical costs and
increased procedures we could see
improved Hospital profitability slow
down to that better cash flow for
medical real estate owners like mpw
funds from operation or ffo are expected
lower by just 2% this year that is a big
improvement over the drop last year and
to a125 per share which puts the
valuation at just 3.3 times on a price
to ffo basis that is a 63% discount to
the nine times price to funds from
operations average and even a
revaluation to maybe six or seven times
ffo would take this stock back to $10
each a lot of analysts have given up on
W with the average Target only at $4.80
a share but with 31% return to that high
Target I think this one surprises the
market over the next year paying down
its debt and going much higher and next
I’m going to highlight a stock with an
84% discount to its recent valuation but
I want to get your input on this as well
what do you look for in cheap stocks and
what are the signals you use to know
when it’s time to buy so scroll down
there and let us know in the comments
how do you find those value stocks to
buy ww International the old Weight
Watcher seems to have found support
recently and has the highest potential
upside among the 10 stocks shares have
plunged 79% over the last year as
investors worry that weight loss drugs
are going to destroy the dieting
industry but Weight Watchers has two
things going for it first I think it’s
an overreaction not everyone wants to be
hooked on a needle medication every week
for the rest of their lives especially
when that can cost them hundreds of
dollars a month after insurance but also
because ww has launched a clinic service
that can prescribe those weight loss
drugs as part of a program and early
estimates are for subscriptions that are
way over forecast and the market could
get a surprise when the company reports
next week with shares trading for just
.14 time sales that is a fraction of the
valuation multiple over the last year
while revenue and earnings aren’t
expected to turn yet the company hasn’t
until 2028 before debt maturities are
due which gives it plenty of time for
change and analysts see the potential
here with an average Target that is
228 higher and a high that is almost 6%
from here Alibaba group Holdings tooker
Baba isn’t down as much as the other on
the list only down 15% over the last
year but this is still one with a deep
discount the largest e-commerce company
in China trades for about 1.4 times at
sales a discount of 36% on the 2.2 times
valuation at the end of last year and
less than half the price multiple
investors are paying for Amazon now you
out there in the nation know I’m not
usually a fan of these Chinese stocks
and they always trade at a discount to
their American peers but Alibaba has a
lot of levers it can pull to boost that
valuation and it could happen soon the
company has already discussed spin-off
of assets into IPOs to unlock some of
this value including the cloud and
Logistics units it’s the dominant leader
in both Cloud payments and e-commerce in
China and is expanding internationally
now much of those plans have been
postponed as the company stages that
turnaround but this one is deep in value
territory in fact Michael bur has
increased his stake in Baba to its
largest in his portfolio at over 6% of
assets and Alibaba is another one where
even the low analyst Target is above the
current price and the high Target would
be an 86% return from here we still got
one more stock to watch one with a 90%
upside potential on its valuation but
the only thing better than these returns
is getting that cash in your pocket
check out this video next and I’m going
to show you how to invest $1,000 for
dividend income every single week we
might have to wait longer but the upside
is the highest here in charge Point
Holdings tooker chpt trading for 90%
discount to its valuation history charge
point is the market share leader in EV
charging the major bottleneck in a
option for electric vehicles right now
and while sales of EV cars and trucks
have slowed lately volume still grew by
25% over the last year to over a million
cars sold not only is charge Point
Revenue directly proportional to that to
that still growing penetration of EV
cars there is a hidden Catalyst here
that is taking Revenue even higher and
that is subscription Revenue which grew
by 40% annual Pace last quarter to $120
million nearly a quarter of its total
revenue that subscription and support
revenue is going to continue to grow
because cust customers are extremely
sticky here for the company once they
buy that charging equipment that
subscription revenue is locked in and
yes while investor sentiment for Ev
stocks has plunged and the adoption of
new vehicles has slowed we’re just
starting to see the $7 billion in
charging station stimulus dollars spent
to build up that infrastructure here
charge point is trading for just over
one times on a price to sales basis and
while I don’t expect it to get back to
that growth stock valuation it saw last
year even a pop to two times Revenue
would be a 100% return the low analyst
Target here is for 10% higher and the
high Target is for 340% return making
the potential worth the risk get your
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Buy the dip on these stocks too cheap to pass up in 2024. I’ll reveal 10 #stockstobuynow and how to find the #cheapstocks to wach. ✅ Launch Discount, Save $150 and know exactly when to buy a stock https://mystockmarketbasics.com/tradestockspro

Stocks are crashing but should you buy the dip? You should in these 10 ridiculously cheap stocks trading for an average 54% discount to their normal valuations. I’m not just highlighting stocks that have fallen though, I’ll reveal the stock signals you need to know for when to buy. These are some of my favorite #valueinvesting stocks and could mean double-digit returns for your portfolio. In fact, many of these stocks have unanimously higher stock price targets by Wall Street analysts.

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0:00 Stocks to Buy Too Cheap to Ignore in 2024
0:32 A Gambling Stock to Buy that isn’t Gambling
1:41 A Cheap Stock for the Healthcare Shortage
2:37 How to Find Cheap #Stocks to Buy Now
6:28 Do Not Wait to Buy this Gold Stock
7:17 A Short-term Investment in Streaming Stocks
8:35 Limited Time Relaunch Discount Save $150, Don’t Wait
9:19 This Stock could be a Buyout Target
10:58 Watch this Cheap Stock Go Higher with AI
11:45 Update on #MPW Stock and Why I’m Buying
13:25 Why the Market is Wrong on #WW Stock
14:25 My Favorite Cheap #stocktobuy Right Now
15:46 The Stock with the Highest Return Potential

Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

Disclosures:
All content on this channel is for informational purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Trading stocks, ETFs, other securities, and/or cryptocurrencies poses a considerable risk of loss. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Should you need such advice, consult a licensed financial or tax advisor. When you make purchases through links in this video description, the author may earn a commission.