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Apple And 4 More Stocks On The Rise: Prime Reddit Picks

Published 11/03/2024, 18:42
Updated 11/03/2024, 20:10
© Reuters. Apple And 4 More Stocks On The Rise: Prime Reddit Picks

Benzinga - by Surbhi Jain, .

Investors are on the lookout for undervalued stocks in the current market with Redditors at r/ValueInvesting sharing their insights. A user named D3Thijs expressed concerns about the high valuation of many stocks and sought suggestions for alternative investments. Redditors promptly responded with their value picks.

Apple Stock: Priced Favorably Relative To The Magnificent 7 Stocks Redditor JRshoe1997 and others, including ilikebunnies1, highlighted Apple Inc (NASDAQ:AAPL) as a stock to watch. Comments suggested a positive sentiment, with ilikebunnies1 stating Apple’s current price is “pretty decent.” The company’s innovative approach and consistent growth made it an attractive choice.

The forward price-to-earnings (P/E) ratio for Apple stock compared favorably to a majority of the other Magnificent 7 tech stocks:

  • Apple: 26.18
  • Microsoft Corp (NASDAQ:MSFT): 30.49
  • Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG): 20.0
  • Amazon.com Inc (NASDAQ:AMZN): 41.49
  • Meta Platforms Inc (NASDAQ:META): 25.32
  • NVIDIA Corp (NASDAQ:NVDA): 35.59
  • Tesla Inc (NASDAQ:TSLA): 56.18

Other Value Picks From Redditors

Alphabet:

As indicated above, Alphabet stock actually trades at the most attractive forward price multiples currently from amid the Magnificent 7 stocks. However, heightened volatility around the stock and divergent opinions on the business kept many investors on the sidelines.

Related: Google Is ‘Down, But Not Out’: Alphabet Analyst On GenAI Gap With Microsoft And OpenAI, Potential Dividend Move

Crocs Inc (NASDAQ:CROX): ASloppySquirrel identified Crocs as an undervalued gem. Despite having experienced significant growth, Crocs is still considered “insanely cheap.” The brand’s popularity and potential for further expansion contribute to its attractiveness as a value investment.

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  • Crocs stock is currently trading at a forward P/E multiple of 10.09.
Starbucks Corp :

  • Starbucks stock’s forward P/E multiple is 22.32.
Pfizer Inc

  • Pfizer stock’s current valuation indicated the stock is trading at a forward P/E multiple of 12.25

Read Next: Which Is The Most Undervalued AI5 Stock Right Now?

Image: Shutterstock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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