3 Absurdly Cheap Stocks That Look Like Steals Right Now

Group 1: United Parcel Service (UPS) - UPS is experiencing a 24% decline in stock price this year, trading at a price-to-earnings (P/E) multiple of less than 15, significantly below the S&P 500 average of 25 [4][5] - The company has maintained a consistent revenue of around $21 billion in the last three quarters, but is focusing on improving profitability by reducing package volume for Amazon [4][5] - Despite current challenges from tariffs and a slowdown in global trade, the low valuation and nearly 7% dividend yield present an attractive investment opportunity [5] Group 2: Novo Nordisk - Novo Nordisk's stock has plummeted by 45% this year due to the resignation of its former CEO and a reduction in sales guidance, leading investors to favor rival Eli Lilly [6] - The stock is trading at a P/E ratio of just 13, which is considered low given the company's strong growth potential, with a 15% sales increase in the first nine months of the year when excluding currency impacts [6] - The company faces competition from compounding pharmacies selling copies of its drugs, Wegovy and Ozempic, which complicates its market position [8] Group 3: General Market Observations - UPS, Novo Nordisk, and Adobe are all trading below the S&P 500's average P/E ratio, indicating potential undervaluation despite their solid and profitable underlying businesses [7] - These companies possess promising long-term growth prospects that the market may not fully recognize [7]