Sometimes, stocks are a bargain because the company's prospects are being overlooked, and sometimes, it's just the result of a broader market swing like we're experiencing right now. There are also companies that are cheap because of elevated risk.
Let's take a closer look at what many consider to be three absurdly cheap stocks at the moment. Costco Wholesale (NASDAQ:COST), Nucor (NYSE:NUE), and TPG Pace Beneficial Finance (NYSE:TPGY) each look like cheap stocks right now. They come with different levels of risk but offer investors a diversified mix that every portfolio should have.
Source: Motley Fool
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