Three NYSE Stocks at 52-Week Lows That Look Worth a Closer Look

Bloomberg reports that the cyclically adjusted price-earnings multiple (CAPE) is above 40 for only the second time in the past 25 years. Unsurprisingly, only 50 NYSE stocks hit new 52-week lows compared to 110 new 52-week highs. Over on the More News from Barchart Nasdaq, 347 hit new 52-week highs, over three times the number of new 52-week lows. I believe stocks are expensive and a correction is likely in the next 12 months. Further, the U.S. economy is not nearly as strong as the White House would li ...