More Picks from the Pullback
Amid the sell-off, these stocks are looking more attractively priced.
For investors who had been bemoaning the lack of opportunities in the marketplace, the sell-off over the last couple of weeks has, in some ways, been welcome. It had been progressively harder to find cheap stocks as market values rose. In April when our analysts thought that stocks were roughly 10% overvalued, good ideas were few and far between.
After stocks have pulled back from that high, the market as a whole now looks to be around 2% undervalued. For sure, valuations are nowhere near the levels we saw in March 2009, but the pockets of opportunities are clearly expanding.
Jeremy Glaser has a position in the following securities mentioned above: DIS. Find out about Morningstar’s editorial policies.