4 Cheap Stocks to Buy in June
In the midst of the current market volatility, investors may be looking for opportunities to add stocks to their portfolios at a discount. Here are four cheap stocks that are worth considering in June:
1. General Electric (GE)
*
Current Price:
$11.74 *
Forward P/E:
13.6 *
Dividend Yield:
0.43% GE, an industrial conglomerate, has been undergoing a major transformation under CEO Larry Culp. The company has sold off non-core assets, focused on reducing debt, and streamlined its operations. While GE still faces some challenges, including supply chain issues and rising costs, analysts believe it is well-positioned for long-term growth.
2. Under Armour (UAA)
*
Current Price:
$11.52 *
Forward P/E:
12.5 *
Dividend Yield:
0.00% Under Armour, a sportswear and footwear retailer, has struggled in recent years amid competition from Nike and Adidas. However, the company has made some positive changes, including investing in new products and expanding into international markets. Analysts believe that Under Armour is undervalued based on its strong brand and growth potential.
3. Ford Motor Company (F)
*
Current Price:
$13.34 *
Forward P/E:
9.6 *
Dividend Yield:
4.01% Ford, one of the largest automakers in the world, has been hit hard by the semiconductor chip shortage. However, the company is taking steps to address the issue and is expected to benefit from strong demand for its vehicles. Ford also offers a solid dividend yield, providing investors with passive income.
4. Altria Group (MO)
*
Current Price:
$45.14 *
Forward P/E:
10.5 *
Dividend Yield:
8.23% Altria, a tobacco company, is often seen as a defensive stock due to its stable earnings and cash flow. The company has a strong brand portfolio, including Marlboro and IQOS, and is well-positioned in the growing e-cigarette market. Altria’s high dividend yield makes it attractive to income-oriented investors.
Disclaimer:
This article is for informational purposes only and should not be construed as financial advice. Investors should always conduct their own research and consult with a qualified financial advisor before making any investment decisions.1.
HF Sinclair (DINO)
* Current Price: $43.60 * 52-Week Range: $34.25 – $50.50 * Dividend Yield: 3.2% HF Sinclair is a midstream energy company that engages in the transportation, storage, and marketing of crude oil and other petroleum products. The company operates a network of pipelines, terminals, and storage facilities throughout the United States. HF Sinclair is benefiting from the rising demand for oil and gas, as well as the increased volatility in the energy markets. The company is also expected to benefit from the Biden administration’s infrastructure plan, which includes billions of dollars for investment in clean energy projects. 2.
Valero Energy (VLO)
* Current Price: $93.20 * 52-Week Range: $65.03 – $107.72 * Dividend Yield: 3.1% Valero Energy is one of the largest independent refiners in the United States. The company operates 15 refineries with a combined capacity of over 3 million barrels per day. Valero is benefiting from the rising demand for refined products, as well as the increased volatility in the energy markets. The company is also expected to benefit from the Biden administration’s infrastructure plan, which includes billions of dollars for investment in clean energy projects. 3.
Phillips 66 (PSX)
* Current Price: $103.24 * 52-Week Range: $76.33 – $110.57 * Dividend Yield: 3.2% Phillips 66 is a diversified energy company that engages in the exploration and production of oil and natural gas, refining and marketing of petroleum products, and transportation of crude oil and natural gas. Phillips 66 is benefiting from the rising demand for oil and gas, as well as the increased volatility in the energy markets. The company is also expected to benefit from the Biden administration’s infrastructure plan, which includes billions of dollars for investment in clean energy projects. 4.
Marathon Petroleum (MPC)
* Current Price: $84.30 * 52-Week Range: $58.84 – $93.80 * Dividend Yield: 3.3% Marathon Petroleum is one of the largest refiners in the United States. The company operates 13 refineries with a combined capacity of over 2.9 million barrels per day. Marathon Petroleum is benefiting from the rising demand for refined products, as well as the increased volatility in the energy markets. The company is also expected to benefit from the Biden administration’s infrastructure plan, which includes billions of dollars for investment in clean energy projects.
