3 Unstoppable Stocks That Are Too Cheap to Ignore Right Now

The stock market is full of expensive and cheap stocks, but the hard part is determining which are still worth buying at their current price tag. "Cheap" and "expensive" in this context do not refer to the price per share but rather to the company's valuation. This is an important distinction, as sometimes stocks considered "cheap" could trade for hundreds of dollars per share.Three stocks that look cheap but are fantastic companies are Taiwan Semiconductor Manufacturing (NYSE: TSM), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Adobe (NASDAQ: ADBE). This trio has been sold off fairly hard over the past month, but investors should waste no time to consider scooping up shares.Let's start by looking at these stocks' valuations based on their forward price-to-earnings (P/E) ratios. I prefer this metric over a trailing P/E because the market is a forward-looking machine, not a backward-looking one. Forward earnings multiples use analyst projections to value the company, which inherently has errors. However, it's the best measure we have to see where a company is heading.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool