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Zacks Value Trader Highlights: Macy's, KeyCorp, Comerica, Ford and Diamondback Energy
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For Immediate Release
Chicago, IL – November 5, 2021 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
5 Red-Hot Value Stocks to Buy Now
Welcome to Episode #257 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
In 2021, it’s not all bad news for value investors. Momentum isn’t found just in growth stocks.
Many value stocks are also trading at new 52-week highs.
What are the hot, but cheap, stocks right now?
Screening for Value Stocks with Momentum
It’s an easy screen to find value stocks with momentum. For value, look for forward P/Es under 15 and a PEG ratio under 1.0. A PEG under 1.0 indicates both value and growth.
To find stocks with momentum, look for those trading within 5% of their 52-week highs.
This screen returns 45 stocks.
They were mostly in the hot value industries: oil, banks, autos and retail.
5 Red-Hot Value Stocks to Buy Now
1. Macy’s (M - Free Report) is dirt cheap, with a forward P/E of just 7.6 even while shares are up 171% year-to-date. How could that be? Because the earnings are expected to soar 269% this fiscal year as the best holiday season ever looms. Macy’s is a Zacks Rank #1 (Strong Buy).
2. KeyCorp (KEY - Free Report) is a $22 billion market cap regional bank. Year-to-date the shares are up 44.7% but are still cheap, with a PEG ratio of just 0.6. It also pays a dividend, yielding 3.1%.
3. Comerica Incorporated (CMA - Free Report) , a Texas-based regional bank, has soared 58.8% year-to-date. But it, too, is cheap with a forward P/E of just 10.5. It’s dividend is also yielding 3.1%.
4. Ford Motor Company (F - Free Report) is back in the spotlight thanks to the push to build electric vehicles. Shares are up 108% this year but are still dirt cheap, with a forward P/E of just 10.3.
5. Diamondback Energy (FANG - Free Report) is a $20 billion oil and natural gas producer in the Permian Basin in Texas. Shares have soared 128.9% year-to-date and remain cheap. Diamondback has a PEG ratio of just 0.5. It’s also a Zacks Rank #1 (Strong Buy).
What else do you need to know about finding cheap hot stocks?
Tune into this week’s podcast to find out and to hear about a bunch of other hot, cheap stocks.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Value Trader Highlights: Macy's, KeyCorp, Comerica, Ford and Diamondback Energy
For Immediate Release
Chicago, IL – November 5, 2021 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
5 Red-Hot Value Stocks to Buy Now
Welcome to Episode #257 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
In 2021, it’s not all bad news for value investors. Momentum isn’t found just in growth stocks.
Many value stocks are also trading at new 52-week highs.
What are the hot, but cheap, stocks right now?
Screening for Value Stocks with Momentum
It’s an easy screen to find value stocks with momentum. For value, look for forward P/Es under 15 and a PEG ratio under 1.0. A PEG under 1.0 indicates both value and growth.
To find stocks with momentum, look for those trading within 5% of their 52-week highs.
This screen returns 45 stocks.
They were mostly in the hot value industries: oil, banks, autos and retail.
5 Red-Hot Value Stocks to Buy Now
1. Macy’s (M - Free Report) is dirt cheap, with a forward P/E of just 7.6 even while shares are up 171% year-to-date. How could that be? Because the earnings are expected to soar 269% this fiscal year as the best holiday season ever looms. Macy’s is a Zacks Rank #1 (Strong Buy).
2. KeyCorp (KEY - Free Report) is a $22 billion market cap regional bank. Year-to-date the shares are up 44.7% but are still cheap, with a PEG ratio of just 0.6. It also pays a dividend, yielding 3.1%.
3. Comerica Incorporated (CMA - Free Report) , a Texas-based regional bank, has soared 58.8% year-to-date. But it, too, is cheap with a forward P/E of just 10.5. It’s dividend is also yielding 3.1%.
4. Ford Motor Company (F - Free Report) is back in the spotlight thanks to the push to build electric vehicles. Shares are up 108% this year but are still dirt cheap, with a forward P/E of just 10.3.
5. Diamondback Energy (FANG - Free Report) is a $20 billion oil and natural gas producer in the Permian Basin in Texas. Shares have soared 128.9% year-to-date and remain cheap. Diamondback has a PEG ratio of just 0.5. It’s also a Zacks Rank #1 (Strong Buy).
What else do you need to know about finding cheap hot stocks?
Tune into this week’s podcast to find out and to hear about a bunch of other hot, cheap stocks.
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Zacks Investment Research
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https://www.zacks.com/performance
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.