2 Dirt Cheap Stocks to Buy With $2,000 Right Now

Market Overview - The S&P 500 is approaching 7,000 and currently trades at a price-to-earnings ratio of 29, making it the second-most expensive in history according to the Shiller P/E ratio [1][2] General Motors (GM) - General Motors has recently seen a stock price increase following its third-quarter earnings report, benefiting from trends in the auto industry [3][4] - The shift in consumer demand away from electric vehicles (EVs) and the elimination of the $7,500 EV tax credit have positively impacted GM [4][5] - The U.S. government's introduction of a 3.75% offset on trucks manufactured in the U.S. provides GM with a competitive advantage over foreign automakers [5] - GM's third-quarter revenue fell slightly by 0.3% to $48.6 billion, exceeding estimates of $45.33 billion, while adjusted earnings per share (EPS) fell from $2.96 to $2.80, surpassing the consensus of $2.32 [7] - The estimated gross tariff impact for GM has been lowered to between $3.5 billion and $4.5 billion, and the full-year adjusted EPS guidance has been raised to a range of $9.75 to $10.50 [8] - GM's stock trades at a price-to-earnings ratio of less than 7, with a history of stock buybacks reducing shares outstanding by 15% over the last year [8][9] Deckers Outdoor (DECK) - Deckers Outdoor, known for brands like Hoka and Ugg, has faced challenges, with its stock down over 50% from its peak earlier this year due to tariff pressures and consumer spending headwinds [10][11] - The stock currently trades at a price-to-earnings ratio of 14, based on an EPS forecast of $6.30 to $6.39 [11] - Domestic sales declined by 1.7% in the quarter, and the company faces an estimated $150 million headwind from tariffs [12] - Despite short-term challenges, international sales increased by 29.3% to $591.3 million, accounting for over 40% of revenue [15] - The wholesale revenue improved by 13.4%, and core brands experienced double-digit growth, although Ugg sales are expected to slow [15][16] - Deckers has a strong track record in managing footwear brands and is expected to return to steady bottom-line growth in the long term, making its current price a discount [16]